Petroleumprice.ng opens nominations for 2026 downstream sector awards on August 1

Petroleumprice.ng has announced that nominations for its second Recognition and Awards 2026 will open on August 1, targeting Nigeria's downstream petroleum sector. The digital petroleum intelligence platform said the awards aim to honour standout performers across the industry.

Six award categories for 2026

The 2026 edition will feature six categories: Best Fuel Station of the Year, Petroleum Depot Owner of the Year, Female Petroleum Depot Owner of the Year, Downstream Petroleum Industry Advocate of the Year, Downstream Sector Personality of the Year, and Most Innovative Downstream Organisation of the Year. Industry stakeholders, professional bodies, operators and members of the public will all be eligible to submit nominations once the portal goes live.

Planning committee speaks on standards

Olatide Jeremiah, Chairman of the Award Planning Committee, described the awards as an independent platform built to reward merit and raise the competitive bar across the sector. Jeremiah said: 'As Nigeria's leading digital petroleum intelligence platform, Petroleumprice.ng remains committed to promoting excellence within the downstream sector. Through these awards, we seek to recognise individuals and organisations whose dedication, innovation and professionalism continue to drive the industry forward.' He added that shining a light on top performers would motivate operators to continuously improve and adopt best practices that ultimately benefit consumers.

How to participate

Petroleumprice.ng has called on petroleum marketers, depot owners, fuel retail operators, service providers and regulators to take part in the nomination exercise once the portal becomes active. Full details covering eligibility criteria, the nomination process, voting guidelines and the event schedule will be published through the platform's official channels ahead of the August 1 opening. Corporate organisations and industry partners interested in supporting the initiative through sponsorships or strategic partnerships are encouraged to reach the Award Planning Committee directly on 08024545197.

Earlier, Legit.ng reported that petrol prices at filling stations operated by the Nigerian National Petroleum Company Limited in Lagos have been adjusted downward again, bringing relief to motorists amid fluctuating fuel costs. The refinery surprised petrol importers when it communicated the price adjustment to marketers. Despite the recent reductions, industry stakeholders warned that the lower pump prices may be temporary as developments in the Middle East continue to influence global oil prices.