Tag: MEMAN

How Nigeria Can Fully Realise Post-Fuel Subsidy Benefits – MEMAN

Ganiyu Amodu

‘Amid Industry Challenges,’ Everything Clement Isong said at a Press Engagement on ‘Refining Basics, Gasoline Pricing And Trade Flows In Nigeria.’   The Major Energies Marketers Association of Nigeria (MEMAN) has reaffirmed that, despite ongoing debates and challenges, the implementation of the Petroleum Industry Act (PIA) remains on track. Platforms Africa reports that MEMAN stressed that these discussions are a normal aspect of the shift toward a deregulated, market-driven energy sector. The group made this known during its Q1 2025 Press Training & Engagement, held in Lagos on Wednesday, March…

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Major Oil Marketers Task Nigeria To Up Investment In Electric Vehicles

Ganiyu Amodu

. MEMAN speaks on Dangote refinery, midstream boom, EVs outlook   The Major Energy Marketers Association of Nigeria (MEMAN) has highlighted Electric Vehicles (EVs) as crucial to Nigeria’s energy transition, tackling climate change and boosting energy security, affirming that ongoing innovations like solid-state batteries, wireless charging, and vehicle-to-grid (V2G) technology are poised to accelerate adoption despite high initial costs and limited infrastructure. These insights were among the key highlights of the MEMAN Quarterly Press Webinar on Tuesday, where experts discussed Nigeria’s energy future, emphasizing the role of electric vehicles (EVs),…

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Petrol Ex-Depot Price Hits N754/litre

Precious Ibekwe

The ex-depot price of Premium Motor Spirit (PMS) also known as petrol has hit N754 per litre, Platforms Africa reports. The data from depots in Nigeria on Monday showed that as at 1st of September, the price at which the product landed at the depots was also N1,022 per litre. The ex-depot price is the cost the depots that received the product from NNPCL are expected to sell after adding their margins. A source at one of the depots in Apapa confirmed the data in a telephone chat with Platforms…

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‘NNPCL Still Swaps Crude For 1 Million MT Fuel Supply’

Gbenga Adeoti

. At MEMAN quarterly briefing, experts proffer solutions to fuel price, supply conundrums   The Nigeria fuel consumption capacity estimated at about One Million Metric tonnes (MT) is currently being supplied through the crude swap, otherwise known as Direct Sale Direct Purchase (DSDP), importation programme of the Nigerian National Petroleum Company Limited (NNPCL). Stakeholders in the downstream petroleum sector who confirmed this at the Quarterly Press Engagement organised by the Major Energy Marketers Association of Nigeria (MEMAN) on Wednesday, blamed the fuel price and supply issues currently facing Nigerians on…

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Petrol Landing Cost Soars To N1,117 /Liter

Ganiyu Amodu

‘Diesel landing cost is N1,157 per liter, Aviation Turbine Kerosene (ATK) N1,217 per liter;” Major marketers speak on new price, promise to publish daily cost survey   The Major Energy Marketers Association of Nigeria (MEMAN) has estimated the current landing cost for Premium Motor Spirit (PMS), also known as petrol at N1,117 per liter. Platforms Africa reports that petrol is sold for between N580 per liter to N800 per liter at the filling stations depending on the location, indicating a surge in subsidy payment by the government. Petrol Subsidy: Nigerian…

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Major Marketers Supply 300m Litres, Plot End To Fuel Queues Nationwide

Ganiyu Amodu

The Major Energies Marketers Association of Nigeria (MEMAN) has revealed that the association’s members in Apapa and other locations in Lagos are currently taking delivery of Premium Motor Spirit (petrol) from 8 vessels this week, totaling over 300 million liters – well above the normal levels. He has emphatically assured that the ongoing fuel scarcity and queues in Nigeria will not last more than two weeks, contrary to speculations, and has assured the public that there is an adequate supply of the product. Mr. Huub Stokman, the Chairman of MEMAN, speaks during…

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