Petroleum Equalisation Fund: Uncovering the Mechanisms Behind Its Functionality We weren’t able to create a summary for you. Refresh your page to try again. The fund plays a crucial role in the petroleum sector by managing and reimbursing transportation costs to petroleum marketers, ensuring that the prices of petroleum products remain consistent, regardless of the location within Nigeria. The fund plays a crucial role in the petroleum sector by managing and reimbursing transportation costs to petroleum marketers, ensuring that the prices of petroleum products remain consistent, regardless of the location within Nigeria. The Petroleum Equalisation Fund (PEF) is a Nigerian Government-owned and managed Board that was established in 1978 to ensure equitable distribution of petroleum products across the country. The Petroleum Equalisation Fund (PEF) is a Nigerian Government-owned and managed Board that was established in 1978 to ensure equitable distribution of petroleum products across the country. There shall be, for the purpose of administering the Fund in accordance with the provisions of this Act, a body to be known as the PetroleumEqualisationFund Manage- ment Board (in this Act referred to as “the Board”). The PetroleumEqualisationFund (PEF) is a Nigerian Government-owned and managed Board that was established in 1978 to ensure equitable distribution of petroleum products across the country. Oct 10, 2025 · Discover how the PetroleumEqualisationFund works, its role in regulating fuel prices and benefits for consumers in Nigeria.