Firm unveils digital marketplace for downstream trading
A digital oil and gas company, Petroleumprice.ng, has unveiled a dedicated digital marketplace for petroleum products trading, infrastructure, and logistics services.
This development was disclosed in a statement signed by the Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, on Tuesday. The company said the platform, launched amid ongoing discussions around pricing transparency frameworks in West Africa, is aimed at streamlining transactions and boosting accountability across the downstream oil and gas sector.
Olatide said the new platform enables filling station owners, marketers, fleet operators, and industry entrants to seamlessly buy and sell petroleum-related assets, including fuel, trucks, storage tanks, and licenses, from a single, trusted digital hub.
The statement read, “petroleumprice.ng has officially launched its marketplace platform, a first-of-its-kind digital hub designed to transform how petroleum products, infrastructure, equipment, and logistics are traded across Nigeria.
“The Petroleumprice.ng Marketplace aims to simplify transactions in the downstream oil and gas sector by offering verified listings, real-time visibility, and secure access for all stakeholders.
“It allows station owners, marketers, fleet operators, and new entrants to buy and sell petroleum-related assets from a single,
trusted platform.
“The Marketplace provides users access to various categories, including Trucks, Retail outlets, storage tanks, safety equipment, marine equipment and fuels and additives. All listings are verified to ensure buyers and sellers engage with only credible and licensed vendors.
According to the firm, the marketplace offers verified listings, real-time inventory visibility, and secure access to credible suppliers and buyers across the value chain.
The new platform aims to bridge long-standing market access gaps, offering a single, secure hub where licensed marketers, depot operators, truck owners, and equipment vendors can buy and sell verified petroleum-related assets.
Commenting, the petroleum price CEO described the solutions as “a game-changer for the downstream sector. We created the Marketplace to unlock access across the value chain. It is no longer about who you know, it’s about what you need, when you need it, and how transparently you can get it.”
He said the new platform, already known for providing real-time depot pricing and market data, Petroleumprice.ng’s new Marketplace now adds e-commerce functionality with four core trading sections: “Equipment Listings includes trucks, fuel dispensers, storage tanks, and full retail station setups. Marketer Listings enables licensed marketers to display fuel availability by depot location, quantity, and price.
“Supplier Services connects fuel distributors with new retail and corporate clients, and the Truck Hire feature allows tanker owners to offer their vehicles for lease, reducing fleet downtime and solving logistics bottlenecks.
The marketplace leverages intelligent search tools allowing users to filter listings by location, asset type, product category, or technical spec, simplifying procurement and accelerating deal flow.
“We are bringing order and visibility to a traditionally opaque market,” Jeremiah added. “Every listing is verified, every vendor is licensed. That gives buyers confidence and sellers credibility.”
To tailor the experience for different industry players, the platform offers a tiered subscription model, with functionalities customised by user role as free and premium users, analysts, marketers, suppliers, truck owners,
depot owners with specified amounts.
