The Petroleum Products Retail Outlets Owners Association of Nigeria has formally endorsed Petroleumprice.ng as the authoritative digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria.

The endorsement, announced in a statement signed by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, followed a rigorous evaluation of the platform’s performance, transparency standards, and technological capabilities.

According to the statement, PETROAN recognised Petroleumprice.ng for its outstanding contribution to promoting accuracy, transparency, and operational efficiency in Nigeria’s complex and evolving petroleum downstream sector.

“Petroleumprice.ng embodies the level of transparency and technological innovation our industry needs,” Dr Billy Gillis-Harry, National President of PETROAN, stated during a formal signing ceremony held in Lagos.

He noted that the collaboration would position Petroleumprice.ng as PETROAN’s official partner for price intelligence, serving as a reliable source of information for petroleum marketers, fuel station owners, fleet operators, and consumers across the country.

“Their 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 added.

In response, Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, expressed gratitude for the endorsement, describing it as a major validation of the platform’s mission.

“We are honoured by PETROAN’s endorsement. 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,” Jeremiah stated.

It added that the platform provides real-time depot pricing, delivering accurate daily and weekly updates on petrol, diesel, kerosene, and LPG from major depots in Lagos, Port Harcourt, Warri, Calabar, and other key locations, helping users monitor regional trends and make cost-effective decisions.

“Its comprehensive market intelligence includes in-depth analysis of oil price movements, foreign exchange rates, refinery operations, and regulatory developments, enabling strategic planning across the value chain.

“Through a secure, verified B2B marketplace, Petroleumprice.ng connects licensed marketers, buyers, sellers, and logistics providers, streamlining procurement while reducing transaction risks.

“The mobile-optimised, user-friendly interface ensures seamless access to vital data across devices, anytime and anywhere. Users can also benefit from custom alerts and notifications, staying informed about price fluctuations and market changes in real time,” the statement concluded.