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Independent domestic fuel dealers are pushing for a full restoration of their direct importation rights, claiming they can lower pump prices below N800 per litre. Abubakar Maigandi, the national president of the Independent Petroleum Marketers Association of Nigeria, announced the target following an emergency meeting with state energy officials. The bold prediction reflects a growing…
The Federal Competition and Consumer Protection Commission has accused operators in Nigeria’s downstream petroleum sector of possible consumer exploitation, warning that pump prices have refused to fall in step with a steep collapse in global crude oil prices. In a statement issued on Sunday by its Director of Corporate Affairs, Ondaje Ijagwu, the commission…
The Dangote Petroleum Refinery has raised its petrol price to N1,275 per litre, marking the fifth adjustment this month. This latest hike came just hours after a previous increase on Friday night, signalling extreme volatility in Nigeria’s deregulated market. The new rate is a N100 jump from the N1,175 seen earlier in March. Every previous…
