Oil & Energy
Kerosene Hits N130 Per Litre In Onitsha – Survey
The price of kerosene has skyrocketed to between N120 and N130 per litre in Onitsha and its environs as against official price of N50 per litre for the product.
A survey last week showed that the product was available only at filling stations owned by the independent marketers in the area.
A litre of the product was sold at between N100 and N110 in July before the current price regime, according to our source.
A litre of petrol is also being sold at between N100 and N105 as against N97 while diesel now goes for N160 per litre as against N80 per litre.
Across-section of residents who spoke to Our correspondent expressed concern over the high cost and scarcity of the products.
Pastor Agara Jarvis, Manager, Dwell Oil filling station in Onitsha, noted that the scarcity of Kerosene had been on in the last three months, attributing the high cost of the product to supply shortage.
“Well, what I can only say is that, I think, it maybe from the marketers, it is when they have the products they then give it to us to sell.
“It is the instruction from the directors, if they say sell N20 we sell; if they say sell N50, we will sell because whatever we are selling is accounted for.
“I am sure the refineries are not working to capacity because if the refineries are working up to capacity, we are supposed to be having these products.
“At least if we have enough, we can deduct the price; and when all fuelling stations are having kerosene, it must be deducted.
“But if it happens that, like this one I have now, it is over three months now; the fact remains that I have a reserve and it is about to finish.
Oil & Energy
Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute

Oil & Energy
Increased Oil and Gas: Stakeholders Urge Expansion Of PINL Scope

Oil & Energy
Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
-
Oil & Energy1 day ago
Increased Oil and Gas: Stakeholders Urge Expansion Of PINL Scope
-
News1 day ago
FG denies claims of systematic genocide against Christians
-
News1 day ago
UN Honours Ogbakor Ikwerre President General
-
Niger Delta1 day ago
Otu Reiterates Commitment To Restor State’s Civil Service
-
News1 day ago
Stakeholders Tasks Fubara on recognition of Nwoga As Nzeobi of Egbema kingdom ….laud Tinubu for lifting Emergency in the state
-
Sports1 day ago
Palace End Liverpool’s Invincibility
-
Oil & Energy1 day ago
Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute
-
News1 day ago
China sentences former Agric minister to death