Tag: petroleum industry

  • N739/Litre Dangote Petrol Sparks Rush at MRS Stations

    N739/Litre Dangote Petrol Sparks Rush at MRS Stations

    Photo Credit: The Punch
    2025-12-25 09:20:00

    As detailed by The Punch, the sale of Dangote-refined petrol at about N739 per litre at some MRS outlets triggered long queues, as motorists sought cheaper fuel amid higher prevailing pump prices elsewhere. The rush reflects both price sensitivity and the market’s hunt for stable supply points.

    The report suggests queues built quickly in locations where the N739 pricing was visible, with customers traveling between stations to confirm availability—typical behavior in Nigeria’s downstream market when a meaningful price gap opens.

    The development also highlights distribution reality: price reductions can create localized demand spikes that supply logistics may struggle to match in the short term, raising the risk of stockouts and opportunistic price deviations.

    On validation, Nairametrics reported a monitoring push, quoting a call to “report any MRS station selling above N739 per litre,” while Vanguard captured commuter reactions describing the pricing move as a “laudable intervention” and “timely relief” amid cost pressures.

    Echotitbits take: Cheap fuel without stable volume quickly becomes chaos. Watch whether supply scales (more stations, more trucks, steadier replenishment) and whether regulators/marketers enforce price discipline to stop “N739 on paper, N850 at the nozzle.”

    Source: The Punch — December 25, 2025 (https://punchng.com/n739-litre-dangote-petrol-causes-queues-at-mrs-stations/)

    The Punch 2025-12-25

  • Global surplus leaves Nigerian crude cargoes searching for buyers

    Global surplus leaves Nigerian crude cargoes searching for buyers

    Photo Credit: Punch / Reuters
    2025-12-19 15:00:00

    Reuters, via a report carried by The Punch, says Nigerian crude sellers are facing weak demand for multiple December-loading cargoes due to a wider global surplus and cheaper alternative supplies.

    The overhang highlights how Nigeria’s fiscal stability remains exposed to global oil-cycle swings—especially when barrels clear only at discounts.

    Verification: Reuters-based reporting republished by Channels TV and TRT Afrika also described unsold Nigerian crude cargoes and a supply glut context.

    Quotes: Channels TV: “Nigerian oil struggles to find buyers…” TRT Afrika: “struggling to find buyers… due to… cheaper alternative supplies…”

    Analysis/Echotitbits take: This is a revenue-and-FX warning sign. Watch for price differentials, production stability, contract competitiveness, and whether non-oil export reforms accelerate as a hedge.

    Source: The Punch — 2025-12-19 — https://punchng.com/global-oversupply-leaves-nigerian-crude-unsold/

    The Punch 2025-12-19