Nigeria: Experts - Current Downstream Sector Deregulation Unclear, Contentious allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
By Solomon Asowata
The year 2020 has undoubtedly been one of the most difficult years for the oil and gas industry globally in the last few decades.
It saw the Coronavirus pandemic grip nations across the globe, necessitating countries and states to lock down their borders for some time, thereby preventing movement of persons, goods and services for months unless under special circumstances.
This restriction of movement affected many sectors of the economy, but one of the worst hit was the oil and gas industry which fuels mobility of mankind and businesses across the globe.
With a sharp drop in air and land movement, the demand for Jet A1 (Aviation fuel) , Diesel and Premium Motor Spirit (PMS) also known as petrol declined drastically.
Nigeria: Petrol Price Cut - Oil Marketers Still Sell At N170 Per Litre - Investigation allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
By Udeme Akpan & Ediri Ejoh
Barely a week after the Federal Government had slashed the price of petrol from N166 to N162.44 per litre, oil marketers continue to sell the product at between N166 and N170, according to Vanguard investigation.
The investigation showed that the oil marketers, especially members of the Independent Marketers Association of Nigeria, IPMAN, and Major Oil Marketers Association of Nigeria, MOMAN, still sell the product at the old price nationwide.
In an interview with Vanguard, weekend, Chairman of MOMAN, who also doubles as Managing Director, 11 Plc, Mr. Adetunji Oyebanji, said the reduction was not in the best interest of the downstream sector.
Oil marketers seek consistency in downstream sector liberalisation thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.