Petroleum Equalisation Fund (Management) Board

Welcome To Petroleum Equalisation Fund (Management) Board

The legislative Charter of the Board as provided by Decree No9 of 1975 as amended by Decree No. 32 of 1989 (now Chapter 352 of the Laws of the federation 1990) are:-

  • To apply the laws of the Federal Republic of Nigeria as they affect the uniform pricing system, in ensuring that each marketing company complies with the laws regarding the management of the transportation equalisation process, and
  • To equalise the transportation differentials in white product marketing.

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Core Values

The Petroleum Equalisation Fund (Management) Board values and promotes high ethical standards of a responsible public service organisation, and is specifically committed to:

Mission Statement

Partner with stakeholders in ensuring effective distribution of petroleum products for sustainable development.

Vision Statement

Petroleum Products for All

Petroleum Equalisation Fund (Management) Board