Oil & Energy
New Pump Price: Filling Stations Devise New Fraudulent Strategies

Tricycles on a queue at a Filling Station in Yola recently.
The Petroleum Prod
ucts Pricing Regulatory Agency (PPPRA) on Friday said it had commenced the enforcement of the N86.50 and N86 per litre fuel price in petrol stations across the country.
Assistant General Manager and Head of Operations PPPRA, Mr Victor Shidok, who led the team in Abuja warned marketers against sharp practices.
He warned that any fuel station found to be selling above the regulated new pump price would face strict sanctions including withdrawal of licence or deny them the support of the Petroleum Support Fund Scheme.
Shidok who said he was satisfied with the outcome of the team’s monitoring exercise so far, noted that the monitoring would be extended to satellite towns to ensure full compliance by all marketers.
He added that the monitoring exercise which was simultaneously conducted across the country, was done in conjunction with the department of Petroleum Resources (DPR) to ensure that Nigerians were not short-changed.
However, the situation in Port Harcourt, the Rivers State capital and its metropolise is a different ball game as innocent consumers are being short-changed by the marketers.
Investigation by The Tide shows that only the NNPC mega stations and Total filling stations were adhearing to the new policy.
Other filling stations have devised different strategies to cover up their exploitative activities.
While all stations placed the official price tag on their machines, they actually dispensed at higher price or manipulated the metres.
Some drivers who confirmed this systematic fraud by marketers said, they pay more than what were posted on the machines.
George GoodHead, a commercial bus driver said, “in on of the stations where I bought fuel yesterday, they sold to me at N200 even though the machine read N86”.
According to the driver, “wherever they sell according to the official price, the meters are adjusted so as to dispense less than the full litre”
Another driver, Christmas Ebi, said “ I bought from Total filling Station yesterday at the accurate price but in other private filling stations they sell far above the official price-so the new price has not become effective here in Port Harcourt.
Consumers called on the DPR and PPPRA to embark on effective monitoring of the activities of marketers in Rivers State so as to save the masses from fraudulent marketers. An official of the Independent Petroleum Marketers Association of Nigeria (IPMAN) who pleaded anonymity said the new price regime would become effective when marketers had sold off their old stock which they bought at higher price.
Chris Oluoh
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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.
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