The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has officially endorsed Petroleumprice.ng as the recognised digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria. This development was announced in a statement signed by PETROAN’s National Public Relations Officer, Dr Joseph Obele.
The endorsement followed a detailed evaluation of the platform’s transparency, performance, and technology features. PETROAN said the decision to endorse Petroleumprice.ng was based on its consistent contributions towards promoting accurate information, transparency, and efficiency in Nigeria’s petroleum downstream sector, which remains one of the most dynamic and challenging parts of the country’s economy.
During the official signing ceremony held in Lagos, PETROAN’s National President, Dr Billy Gillis-Harry, described the platform as a major step forward for digital innovation in the oil and gas sector. According to him, Petroleumprice.ng has demonstrated a high level of transparency and the type of technological advancement required to modernise petroleum distribution and monitoring in Nigeria.
“Petroleumprice.ng embodies the level of transparency and technological innovation our industry needs,” Gillis-Harry said. “The platform enhances access to critical market information, helping stakeholders make informed decisions in a highly dynamic sector. PETROAN is now collaborating with Petroleumprice.ng as a credible source of information for the downstream sector and the industry at large.”
Gillis-Harry further stated that the endorsement positions Petroleumprice.ng as the association’s official partner for price intelligence. This means the platform will now serve as a reliable reference point for petroleum marketers, fuel station operators, fleet managers, and even consumers seeking accurate and real-time market data.
Reacting to the endorsement, the Chief Executive Officer of Petroleumprice.ng, Mr Olatide Jeremiah, described the move as a strong validation of the platform’s work and vision. He thanked PETROAN for the recognition and expressed hope that the partnership would lead to more innovation and transparency in the industry.
“We are honoured by PETROAN’s endorsement,” Jeremiah said. “Our mission has always been to transform Nigeria’s petroleum sector through real-time depot pricing, in-depth market intelligence, and a secure, verified digital marketplace, all designed to drive efficiency and trust in the industry.”
According to the company, Petroleumprice.ng provides real-time pricing information for petrol, diesel, kerosene, and liquefied petroleum gas (LPG) sourced from major depots across key Nigerian cities like Lagos, Port Harcourt, Warri, and Calabar. These regular updates are shared daily and weekly, allowing users to monitor regional price trends and make more cost-effective business decisions.
The platform also offers detailed analysis of oil price changes, foreign exchange movements, refinery operations, and updates on new government regulations. This makes it a useful tool for business owners, logistics operators, and other stakeholders involved in fuel distribution and consumption.
In addition to price tracking, the platform features a secure and verified B2B (business-to-business) marketplace. This allows registered marketers, buyers, sellers, and logistics companies to interact directly. The aim is to reduce transaction risks, improve trust, and streamline fuel procurement across the country.
The platform is mobile-friendly and can be accessed on all devices. It also offers users personalised alerts and notifications, helping them stay updated with real-time price movements and important industry developments.
The endorsement by PETROAN is expected to boost confidence in Petroleumprice.ng and encourage more stakeholders in the oil and gas sector to adopt digital solutions for market monitoring and fuel procurement.
Nigeria’s downstream petroleum industry continues to undergo major changes, especially with the recent deregulation of petrol pricing and ongoing investments in private refineries. As a result, accurate and timely market data has become more important for all players in the sector.
With this endorsement, Petroleumprice.ng is now set to play a more strategic role in shaping how petroleum marketers and operators across Nigeria access and use critical market information.
