Understanding Petroleum Equalisation Fund: How It Works for Oil Companies 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. Oct 10, 2025 · Discover how the Petroleum Equalisation Fund works , its role in regulating fuel prices and benefits for consumers in Nigeria. Oct 10, 2025 · Discover how the Petroleum Equalisation Fund works , its role in regulating fuel prices and benefits for consumers in Nigeria. Understanding is a cognitive process related to an abstract or physical object, such as a person, situation, or message whereby one is able to use concepts to model that object. 3 days ago · The meaning of UNDERSTANDING is a mental grasp : comprehension —usually used with of. How to use understanding in a sentence. knowledge about a subject, situation, etc. or about how something works: 2. a particular way in…. Understanding a concept means you get it. Your understanding might be that your mother will always drive you to school if you miss the bus. The sum of your knowledge of a certain topic, is your … UNDERSTANDING definition: mental process of a person who comprehends; comprehension; personal interpretation.