Petroleumprice.ng, a Nigerian oil and gas tech company, has launched a digital marketplace to simplify the trading of petroleum products, infrastructure, and logistics across the downstream sector.
Olatide Jeremiah, the CEO of Petroleumprice.ng, published a statement on Tuesday announcing this development.
Aims to increase accountability and streamline transactions
Launched amid ongoing discussions about pricing transparency frameworks in West Africa, the platform aims to increase accountability and streamline transactions throughout the downstream oil and gas industry.
According to Olatide, the new platform makes it easy for fleet operators, filling station owners, marketers, and newcomers to the market to purchase and sell petroleum-related assets, such as fuel, trucks, storage tanks, and licenses, from a single, reliable online location.
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.”
Secure access to reliable suppliers and buyers
The company claims that the marketplace provides secure access to reliable suppliers and buyers throughout the value chain, verified listings, and real-time inventory visibility.
By providing a single, secure location where authorised marketers, depot operators, truck owners, and equipment vendors can purchase and sell verified petroleum-related assets, the new platform seeks to close long-standing gaps in market access.
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.”
E-commerce features
According to him, Petroleumprice.ng’s new Marketplace, which is already well-known for offering real-time depot pricing and market data, now offers e-commerce features with four main trading sections.
He said, “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.”
Smart search tools
In order to streamline procurement and speed up deal flow, the marketplace makes use of intelligent search tools that let users filter listings by location, asset type, product category, or technical specification.
“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.”
The platform offers a tiered subscription model with features tailored by user role, such as analysts, marketers, suppliers, truck owners, depot owners, and free and premium users, in order to customise the experience for various industry players.
“With this model, every player, from small station owners to major suppliers, can access the tools they need to trade smarter,” the statement concluded.