Echotitbits – Nigeria News

Tag: PETROAN

  • Petrol market tightens as depot owners raise ex-depot prices toward ₦800/litre

    Petrol market tightens as depot owners raise ex-depot prices toward ₦800/litre

    Reporting by Punch indicates private depot operators in Lagos have raised the ex‑depot price of petrol toward ₦800 per litre, a move that could ripple into higher retail pump prices if sustained.

    Traders and logistics players say the adjustment reflects supply uncertainty and financing/transport costs, while marketers watch whether the change will hold or ease as supply channels stabilise.

    TheCable quoted an industry source warning that “Prices will likely increase in the coming days,” even as another refinery source insisted “Production is still going on, of course.” Tell Magazine similarly noted that operators “increased the ex‑depot price of petrol to about N800 per litre.”

    If ex‑depot prices remain elevated, Lagos commuters and businesses may face another round of transport‑led inflation—so watch depot pricing, supply volumes, and any regulatory guidance.

    Echotitbits take: If ex‑depot prices remain elevated, Lagos commuters and businesses may face another round of transport‑led inflation—so watch depot pricing, supply volumes, and any regulatory guidance.

    Source: The Punch — January 4, 2026 (https://punchng.com/private-depots-hike-petrol-price-to-n800-litre-in-lagos/)

    The Punch January 4, 2026

    Photo Credit: The Punch

  • Fuel Marketers Push Privatisation of NNPC Refineries, Want Deadline by Q1 2026

    Fuel Marketers Push Privatisation of NNPC Refineries, Want Deadline by Q1 2026

    Photo Credit: The Punch
    2025-12-26 06:40:00

    According to *PUNCH*, petroleum retail outlet owners are renewing pressure on the Federal Government to privatise Nigeria’s state-owned refineries, arguing that repeated public-funded rehabilitation has not produced stable output and has left the country reliant on imports.

    The association’s argument is framed around competition, efficiency, and investment: private capital and technical expertise, it says, could make refining assets commercially viable and reduce fiscal drain.

    If implemented, the policy shift could reshape downstream dynamics—product supply stability, pricing logistics, and FX demand—though labour, asset valuation, and governance terms would be fiercely contested.

    Energy-sector analysts will watch whether government moves from “rehabilitation” language to clear transaction milestones, and how any privatisation aligns with local content and security realities.

    *The Guardian* reported that PETROAN “renewed its call for the privatisation of Nigeria’s four state-owned refineries,” while *SweetCrudeReports* added that “timely privatisation would eliminate recurring fiscal burdens” and attract capital and expertise.

    Echotitbits take: This is the downstream debate Nigeria keeps postponing. The make-or-break factor is credibility: transparent bidding, clear performance obligations, and a governance framework that prevents a new cycle of capture and underperformance.

    Source: Punch — Dec 26, 2025 (https://punchng.com/petroan-pushes-nnpc-refineries-privatisation-by-q1-2026/)

    Photo credit/source: The Punch
    The Punch 2025-12-26

  • MRS stations begin ₦739 petrol sales in Lagos as marketers push back

    MRS stations begin ₦739 petrol sales in Lagos as marketers push back

    Photo Credit: Punch
    2025-12-17

    As pump prices remain a major political and household issue, MRS filling stations in Lagos have begun selling petrol at ₦739 per litre, triggering long queues and renewed debate about how quickly price cuts reach consumers.

    The development follows Dangote Refinery’s gantry price reduction and an effort to push retail prices lower through selected partners. However, marketers’ groups — including PETROAN — have criticised aspects of the rollout and the market disruption it could cause.

    For consumers, the immediate story is relief at the pump (where available) and confusion elsewhere as competing stations adjust prices or pause sales to manage supply and crowd control.

    For the industry, the key question is whether the ₦739 benchmark becomes nationwide — or remains a limited, Lagos‑first price in the face of logistics, inventory and competitive pressures.

    Vanguard: “Starting from Tuesday, MRS will start selling petrol at ₦739 per litre. We will enforce that low price…” Dangote said.

    P.M. News: “From Tuesday, MRS will begin selling petrol at ₦739 per litre. We will ensure that price is enforced and implemented,” Dangote said.

    Analysis/Echotitbits take: If the price cut holds and spreads, it will reset expectations across the downstream market. Watch for wider station participation, any regulatory guidance on pricing/competition, and whether supply disruptions emerge from sudden demand spikes.

    Source: Punch — December 17, 2025 — https://punchng.com/mrs-begins-n739-litre-petrol-sales-petroan-kicks/