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NMDPRA warns oil importers of off-spec products as market liberalizes
Sopuruchi Onwuka The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned players in the domestic petroleum market to ensure that the products sold in the local market meet the specifications for vehicles used in the country. Authority Chief…
Fuel crisis: Signals the market is still under capture
Sopuruchi Onwuka The prevailing spar between the organized labour and the new government of President Bola Tinubu over the controversial increase in fuel prices tend to conceal a critical distortion in the market, shifting attention from market liberalization to insidious…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
Subsidy removal: Regulators, players move to arrest fuel scarcity
Sopuruchi Onwuka The declaration of President Bola Tinubu that the subsidy on the retail price of premium motor spirit popularly called petrol is gone has sparked a new round of confusion in the domestic fuel market, prompting the commercial players…
Cheap petrol has become unsustainable, DAPPMAN warns
Sopuruchi Onwuka Supply brokers in the domestic fuel market have declared that it has become increasingly difficult to continue supplying petrol to Nigerian motorists at prevailing subsidized rate of N165 per liter, pointing at rising cost of operation and thin…
