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Fuel price: PENGASSAN blames marketers on exploitation of Nigerians, …..insists product should sell for N700, N750 per litre

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PENGASSAN President, Festus Osifo,

By Our Reporter

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday blamed the marketers on inflated fuel prices and exploitation of the masses, saying that Premium Motor Spirit (PMS) should currently be selling for between N700 and N750 per litre.

Making this declaration at a Press conference in Abuja on Monday, PENGASSAN President, Festus Osifo, expressed worry that despite a significant drop in the price of crude oil, from around $80 per barrel to about $60, the pump price of petrol has not seen a corresponding reduction, remaining around N900 per litre.

Osifo attributed the unjustifiable pricing to the failure of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to carry out its oversight duties effectively.

He said, “NMDPRA should not watch the suppliers of products exploit the citizenry on the pretence of deregulation.

“Also, comrades, we want to quickly talk about issues that are bothering the downstream. In the downstream today, in the Nigerian oil and gas industry, we have seen a trend. And the trend, if you could recall, at a time when the price per litre of petrol was sold around 900 Naira per litre, you realise that the international crude price was somewhere around $80 per barrel.

“So we have been monitoring the trend. When the crude price reduced to around $60 per barrel, we did not see a commensurate reduction in the pump price. Because naturally, two things contribute principally to the price of PMS, for example, or the price of petroleum products.

“One is the crude price, and the second is the exchange rate. So these are the two highest contributory factors. In fact, they contribute up to 80% of what the final price of PMS would be.

“So what that means is that when the crude price reduces, the PMS price also reduces, most especially when the exchange rate has been relatively constant. So if crude price was somewhere around $80 per barrel, and we were having pump price at about 900 Naira per litre or thereabout, today, at a time, crude price hovers around $62 to $65 per barrel. But we only saw a marginal reduction in the pump price.

“And if you do the calculation, you will realise that it is, I mean, Nigerians were exploited within that period. Because there is what we call PLAT. If you go online, you are going to see the PLAT cost per cubic metre of PMS.

“And when you convert that to litres, and you bring it down to our Naira, you are going to see that at a time when crude price was around $60 per barrel, we should be buying our PMS somewhere around “$700 to $750 per litre. That is how it should be when you do the calculation properly. Yes, we understand that people have invested in their business, and they want to make a profit.

“It is the responsibility of businessmen to maximise profit. We don’t begrudge any business organisation that wants to maximise profit. That is why we have the regulators.”

He emphasised that at the current international crude price levels, PMS should be retailing between N700 and N750, citing pricing models like the PLATTS index used globally to benchmark refined product costs.

PENGASSAN President urged NMDPRA to regularly publish pricing templates to ensure transparency and prevent exploitation under the guise of deregulation.

“We don’t begrudge businesses for making profits. But it is the regulator’s responsibility to protect the people. If this exploitation continues, Nigerians will never benefit from global oil price drops—only bear the burden when prices rise,” Osifo added.

Osifo further expressed concern over the continued shutdown of the Port Harcourt Refinery, questioning the pace of the government’s refinery rehabilitation efforts.

Oil & Gas

A’Ibom Extractive Justice Alliance demands Gas Flaring Accountability,-says failure of compliance will attract stiff protest

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‎By Emmanuel Ikpe, Uyo

‎Coalition of civil society organizations, youth groups, community advocates, academic scholars and media in Akwa Ibom have petitioned the Nigerian Upstream Petroleum Regulatory Commission to address cases where corporate organizations are profiting from Gas flaring and pollution while host communities bear the cost.

‎Addressing journalists just after a peaceful demonstration and presentation of the petition letter to representative of Nigerian Upstream Petroleum Regulatory Commission in Eket, Eket LGA on Friday by Network Advancement Program for Poverty and Disaster Risk Reward,Helen Bassey Eyo, the coalition which was convened by Clement Isong Foundation with support from Actionaid Nigeria under the Strategic Partnership Agreement (SPA) II, says the exercise was part of activities to commemorate the 2026 World Environmental Day with a call to end gas flaring, defend rights and build future.

‎According to them, Gas flaring penalties exceeding $10.4 million dollars became payable on OML 13 alone between 2021 and 2023. They therefore called for accountability of $270 million dollars in outstanding penalties owed to host communities from 2021 to 2025. “nationally, oil companies paid $646 million dollars in Gas flare penalties in 2025, the highest in five years, yet Nigeria flared 301.3 million scf of Gas in 2024, up from 278.3 million in 2023, and did not meet its 2025 zero-flare target”.

‎The Akwa Ibom Extractive Justice Alliance noted that in communities like Ikot Town, Elekpon and Atabrikang in Eastern Obolo LGA of the State Gas has been burning continuously since NEPL/NOL began production on OML 13 in May 2024. Eight villages in Eastern Obolo have no electricity yet OML 13 holds over five trillion cubic feet of Gas. The energy being burned over these communities could instead be used to power them.

‎Speaking to newsmen, the Director, Clement Isong Foundation, convener of Akwa Ibom Extractive Justice Alliance on behalf of the 15 CSOs including academia, media, women and youths groups noted that in Ibeno LGA of the State, Network Exploration and Production Limited continues to flare gas at Mkpanak with documented impact on air, water and soil across Ibeno, Onna, Eket and Esit Eket. “rain water in Ibeno is no longer consumable, Itakabasi community has been lost to coastal erosion accelerated by environmental degradation. Seplat Energy which acquired Mobil Production Nigeria Unlimited from ExxonMobil in December 2024, now operates OMLs 67, 68, 68 and 104 in Akwa Ibom, inheriting an operational history that includes over fifty years of environmental liabilities that coastal communities are still waiting to see them addressed”, they added.

‎Accordingly, the alliance have asked President Tinubu to reverse the presidential executive order 9 of February 13, 2026 which suspended all Gas flare penalties remittance into the Midstream and Downstream Gas Infrastructure Fund and and redirected them to the Federation Account. “the Order 9 has remove a financing mechanism established under the PIA 2021 specifically to support environmental remediation and community development in host communities. AKEJA is calling for this to be reversed and for the original framework to be restored”.

‎Meanwhile, the Civil Society Organizations have stated that if their demands are not met as at when due, they will pull out all their members to protest to the office the Nigerian Upstream Petroleum Regulatory Commission with stiff penalties to ensure their plights are giving desire attention.

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Oil & Gas

‎A’Ibom Extractive Justice Alliance demands Gas flaring accountability, community justice, reversal of executive order 9 ‎- says failure of compliance will attract stiff protest ‎By Emmanuel Ikpe, Uyo ‎ ‎Coalition of civil society organizations, youth groups, community advocates, academic scholars and media in Akwa Ibom have petitioned the Nigerian Upstream Petroleum Regulatory Commission to address cases where corporate organizations are profiting from Gas flaring and pollution while host communities bear the cost. ‎ ‎Addressing journalists just after a peaceful demonstration and presentation of the petition letter to representative of Nigerian Upstream Petroleum Regulatory Commission in Eket, Eket LGA on Friday by Network Advancement Program for Poverty and Disaster Risk Reward,Helen Bassey Eyo, the coalition which was convened by Clement Isong Foundation with support from Actionaid Nigeria under the Strategic Partnership Agreement (SPA) II, says the exercise was part of activities to commemorate the 2026 World Environmental Day with a call to end gas flaring, defend rights and build future. ‎ ‎According to them, Gas flaring penalties exceeding $10.4 million dollars became payable on OML 13 alone between 2021 and 2023. They therefore called for accountability of $270 million dollars in outstanding penalties owed to host communities from 2021 to 2025. “nationally, oil companies paid $646 million dollars in Gas flare penalties in 2025, the highest in five years, yet Nigeria flared 301.3 million scf of Gas in 2024, up from 278.3 million in 2023, and did not meet its 2025 zero-flare target”. ‎ ‎The Akwa Ibom Extractive Justice Alliance noted that in communities like Ikot Town, Elekpon and Atabrikang in Eastern Obolo LGA of the State Gas has been burning continuously since NEPL/NOL began production on OML 13 in May 2024. Eight villages in Eastern Obolo have no electricity yet OML 13 holds over five trillion cubic feet of Gas. The energy being burned over these communities could instead be used to power them. ‎ ‎Speaking to newsmen, the Director, Clement Isong Foundation, convener of Akwa Ibom Extractive Justice Alliance on behalf of the 15 CSOs including academia, media, women and youths groups noted that in Ibeno LGA of the State, Network Exploration and Production Limited continues to flare gas at Mkpanak with documented impact on air, water and soil across Ibeno, Onna, Eket and Esit Eket. “rain water in Ibeno is no longer consumable, Itakabasi community has been lost to coastal erosion accelerated by environmental degradation. Seplat Energy which acquired Mobil Production Nigeria Unlimited from ExxonMobil in December 2024, now operates OMLs 67, 68, 68 and 104 in Akwa Ibom, inheriting an operational history that includes over fifty years of environmental liabilities that coastal communities are still waiting to see them addressed”, they added. ‎ ‎Accordingly, the alliance have asked President Tinubu to reverse the presidential executive order 9 of February 13, 2026 which suspended all Gas flare penalties remittance into the Midstream and Downstream Gas Infrastructure Fund and and redirected them to the Federation Account. “the Order 9 has remove a financing mechanism established under the PIA 2021 specifically to support environmental remediation and community development in host communities. AKEJA is calling for this to be reversed and for the original framework to be restored”. ‎ ‎Meanwhile, the Civil Society Organizations have stated that if their demands are not met as at when due, they will pull out all their members to protest to the office the Nigerian Upstream Petroleum Regulatory Commission with stiff penalties to ensure their plights are giving desire attention. ‎ ‎ ‎

Published

on

By

‎By Emmanuel Ikpe, Uyo

‎Coalition of civil society organizations, youth groups, community advocates, academic scholars and media in Akwa Ibom have petitioned the Nigerian Upstream Petroleum Regulatory Commission to address cases where corporate organizations are profiting from Gas flaring and pollution while host communities bear the cost.

‎Addressing journalists just after a peaceful demonstration and presentation of the petition letter to representative of Nigerian Upstream Petroleum Regulatory Commission in Eket, Eket LGA on Friday by Network Advancement Program for Poverty and Disaster Risk Reward,Helen Bassey Eyo, the coalition which was convened by Clement Isong Foundation with support from Actionaid Nigeria under the Strategic Partnership Agreement (SPA) II, says the exercise was part of activities to commemorate the 2026 World Environmental Day with a call to end gas flaring, defend rights and build future.

‎According to them, Gas flaring penalties exceeding $10.4 million dollars became payable on OML 13 alone between 2021 and 2023. They therefore called for accountability of $270 million dollars in outstanding penalties owed to host communities from 2021 to 2025. “nationally, oil companies paid $646 million dollars in Gas flare penalties in 2025, the highest in five years, yet Nigeria flared 301.3 million scf of Gas in 2024, up from 278.3 million in 2023, and did not meet its 2025 zero-flare target”.

‎The Akwa Ibom Extractive Justice Alliance noted that in communities like Ikot Town, Elekpon and Atabrikang in Eastern Obolo LGA of the State Gas has been burning continuously since NEPL/NOL began production on OML 13 in May 2024. Eight villages in Eastern Obolo have no electricity yet OML 13 holds over five trillion cubic feet of Gas. The energy being burned over these communities could instead be used to power them.

‎Speaking to newsmen, the Director, Clement Isong Foundation, convener of Akwa Ibom Extractive Justice Alliance on behalf of the 15 CSOs including academia, media, women and youths groups noted that in Ibeno LGA of the State, Network Exploration and Production Limited continues to flare gas at Mkpanak with documented impact on air, water and soil across Ibeno, Onna, Eket and Esit Eket. “rain water in Ibeno is no longer consumable, Itakabasi community has been lost to coastal erosion accelerated by environmental degradation. Seplat Energy which acquired Mobil Production Nigeria Unlimited from ExxonMobil in December 2024, now operates OMLs 67, 68, 68 and 104 in Akwa Ibom, inheriting an operational history that includes over fifty years of environmental liabilities that coastal communities are still waiting to see them addressed”, they added.

‎Accordingly, the alliance have asked President Tinubu to reverse the presidential executive order 9 of February 13, 2026 which suspended all Gas flare penalties remittance into the Midstream and Downstream Gas Infrastructure Fund and and redirected them to the Federation Account. “the Order 9 has remove a financing mechanism established under the PIA 2021 specifically to support environmental remediation and community development in host communities. AKEJA is calling for this to be reversed and for the original framework to be restored”.

‎Meanwhile, the Civil Society Organizations have stated that if their demands are not met as at when due, they will pull out all their members to protest to the office the Nigerian Upstream Petroleum Regulatory Commission with stiff penalties to ensure their plights are giving desire attention.



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Oil & Gas

Niger Delta Communities Demand End to Gas Flaring, Advocate Renewable Energy Shift

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civil society representatives, and traditional rulers, Barr. Mrs. Comfort Uche Agumagu, the woman leader of Oromeruezimgbu Community in Rivers State

By David Owei,Bayelsa

Stakeholders of some Niger Delta communities have added their voices to the growing calls for the end to gas flaring in Nigeria.

The stakeholders who are from communities affected by environmental pollution and degradation are also advocating renewable energy as an alternative to fossil fuels.

The communities made their position known at Global Week of Action,
organized by the Quest for Growth and Development Foundation under the theme “Kick the Polluters Out”, held in Port Harcourt Rivers State at the weekend.

Speaking at the town hall meeting, which brought together community leaders, civil society representatives, and traditional rulers, Barr. Mrs. Comfort Uche Agumagu, the woman leader of Oromeruezimgbu Community in Rivers State called on the government to accelerate the shift to renewable energy.

She demanded responsible environmental practices from oil multinationals who she blamed for extensive pollution of the environment.

She said; “I have learnt the harmful effect of pollution, especially gas flaring. Most of us were not aware of these things.

“Proper sensitization should be done so that the public will be fully aware of the dangers.”

Mrs. Agumagu issued a strong call to the Rivers State House of Assembly to prepare a bill that would ensure proper cleanup of other communities beyond Ogoni land and hold polluters accountable.

She commended Quest for Growth and Development Foundation for the sensitization programme, admitting that many residents had been living with the dangers of pollution without knowing it.

Mr. Chukwudi Ebony Johnson, a representative of ONELGA (Ogba–Egbema–Ndoni Local Government Area), praised the organisers while urging them to take the campaign to a higher level.

“I want to encourage the organisers to extend this programme to the state government,” Johnson said, signaling the need for policy-level engagement with Governor Siminalayi Fubara’s administration.

Royal Chief Ambassador Magnus, the paramount ruler of Erewa village and a stakeholder in Gokana Local Government Area, commended the Hydrocarbon Pollution Remediation Project (HYPREP) and the government for their efforts in Ogoni land.

“I commend HYPREP for taking their time to do what is right for the Ogoni people,” he said.

He however advised the government on a fundamental shift.

“I want also to advise government on the switch from fossil fuels to renewable energy to avoid further damage on the environment,” Chief Magnu stated.

Coordinator of the Quest for Growth and Development Foundation, Mr. Smith Nwokocha, explained the rationale behind the town hall meeting, stressing that community voices must not be silenced.

“The main purpose of the town hall meeting is to ensure that the voices of common people are heard in holding polluters accountable.

“The multinationals and government have a duty to protect the oil host communities from damage to their health and livelihoods,” Nwokocha said.

He reiterated the foundation’s position on energy policy, calling for a decisive break from fossil fuel dependency.

“We are calling on the government that instead of constant oil drilling and gas flaring, there is an alternative source of energy – which is renewable energy.

“It is safer for the environment, and they should invest in it for the betterment of the people.”

The Global Week of Action is an annual mobilisation coordinated by civil society groups worldwide to demand climate justice and corporate accountability.

Rivers State, the heart of Nigeria’s oil industry, has long suffered from gas flaring, oil spills, and environmental pollution, with communities in Ogoni, ONELGA, and other local government areas bearing the brunt of decades of extraction without adequate remediation.

While the Ogoni cleanup under HYPREP has made some progress, speakers at the event argued that neighbouring communities remain neglected and demand a comprehensive, statewide approach to environmental restoration.

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