More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year, Okechukwu Nnodim reports After the Federal Government deregulated the downstream sector of the oil industry on March 19, consumers of Premium Motor Spirit, popularly called petrol,Read More

Minister of State for Petroleum, Timipre Sylva has demised media reports that the new draft Petroleum Industry Bill (PIB) sent to National Assembly has recommended scrapping of the NNPC. The minister allayed the fears while fielding questions from journalists at the National Assembly after an interactive session with the leadershipRead More

    A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting an appropriate legislation or embedding it as part of the Petroleum Industry Bill (PIB) expected to be submitted to the NationalRead More

  Olatunde Dodondawa The Federal Government of Nigeria has secretly gazetted subsidy removal on premium motor spirit (PMS) otherwise called petrol without the involvement of key industry stakeholders. According to an investigation by Borderless News, a leading online newspaper, on March 20, 2020, with the approval of President Muhammadu Buhari, GCON,Read More

The Nigeria LP Gas Association (NLPGA), has asked its members and operators to ignore the directive of the Petroleum Products Pricing Regulatory Agency (PPPRA), on the levy and administrative fee imposed on Liquefied Petroleum Gas (LPG) or cooking gas despite the product being deregulated. The Association had argued that imposingRead More