Oct 10, 2025 · The PetroleumEqualisationFund (PEF) is a crucial entity that helps regulate the prices of petroleum products in Nigeria. The PEF was established in 1988 to ensure that the prices of petroleum products are equalized across the country. PEF is responsible for monitoring the transportation and distribution of petroleum products to ensure compliance with its equalization policies. The agency works with other regulatory bodies to ensure that marketers adhere to the guidelines set out for price equalization and reimbursement. 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. Feb 17, 2026 · The PetroleumEqualisationFund (PEF) plays a crucial role in Nigeria’s fuel pricing and distribution framework. It aims to promote equity in the pricing of petroleum products across different regions by compensating marketers for disparities caused by transportation costs. The PetroleumEqualisationFund (Management) Board is a scheduled Parastatal of the Ministry of Petroleum Resources established by Decree No.9 of 1975 (as amended by Decree No. 32 of 1989), mainly to administer uniform prices of petroleum products across the country. Jan 31, 2026 · The PetroleumEqualisationFund operates through a series of mechanisms designed to assure stable and low-priced cost for crude products. These mechanisms typically include subsidies,...