Oil marketers have distanced themselves from the recent hike in the pump prices of Premium Motor Spirit (PMS), popularly called petrol, following the commodity’s price increase by the Dangote Petroleum Refinery and other depot owners. Henzodaily reports that marketers have attributed the surge to the rising cost of crude oil in the international market. Long … Read more
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has linked the recent rise in Premium Motor Spirit (PMS) prices to the escalating cost of crude oil in the global market. PETROAN noted that Brent crude oil, a global benchmark, currently trades at $80.85 per barrel, while WTI oil and the OPEC basket are … Read more
The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has said the association cannot explain why it costs more to produce a barrel of crude oil in the country when compared to other nations. Billy Gillis-Harry said refineries, including Nigeria National Petroleum Company Limited (NNPCL) and Dangote Refinery, cannot … Read more
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced a significant partnership with Dangote Refinery and Petrochemicals to prevent petrol shortages during the yuletide season and beyond. On Monday, December 2, 2024, PETROAN’s National President, Dr. Billy Gillis-Harry, led a delegation to a strategic business meeting with the Dangote Refinery management at … Read more