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. If President Tinubu has no plans to restore petroleum subsidies, the government must look for another way to reduce the price of petroleum products, especially petrol. Oct 10, 2025 · Discover how the PetroleumEqualisationFund works, its role in regulating fuel prices and benefits for consumers in Nigeria. Jan 31, 2026 · Discover the role of thePetroleumEqualisationFund in stabilizing fuel prices and ensuring energy security. Learn about its impact on Nigeria's economy, subsidies, and the challenges it... One agency of the federal government that deserves recognition and more stakeholder support for their contributions to uninterrupted supply of petroleum products and stability in fuel pump price, is the PetroleumEqualisationFund (Management) Board, PEF (M)B. Feb 17, 2026 · PetroleumEqualisationFund explained with purpose, functions, fuel pricing role, benefits, challenges, and overall economic significance. Oct 14, 2020 · In cognizance of the inequality in the transportation cost of distributing products throughout the country, the PetroleumEqualizationFund (Management) Board was established. So far, Nigerians are better off for it as the pump price in Bayelsa and Borno and all over the country remain the same.
