This page has a brief history on Petroleum Equalization Fund (PEF), Federal Government Agency of Nigeria, Gifmis code, Functions, Duties and Addresses
Petroleum Equalization Fund
The Petroleum Equalization fund Management Board is an agency of the Federal Ministry of Petroleum Resources, founded by Decree No.9 of 1975 as amended by Decree No. 32 of 1989 it main purpose is to give Uniform Prices on Petroleum products in the country.
Petroleum Equalization Fund is for reimbursement of petroleum companies on any losses in Nigeria.
The Core Values for The Petroleum Equalization Fund (Management) Board are to promote high ethical standards of a responsibility to public service and organizations.
Petroleum Equalization Fund Gifmis code
0232005001
Petroleum Equalization Fund Functions
– Stakeholders holds meeting periodically by assessing targets and
improvements in service delivery.
– Quarterly they pay visits to depot offices by Zonal Coordinators to assess the level of compliance on the standard rule.
– Monthly operational meetings are being held by unit head in order to assess performance.
– Quarterly reports from Zonal and depots offices on performance.
– Annual general operations meeting
Petroleum Equalization Fund Duties
– Monthly payment of reimbursement to Marketers.
– Quarterly performance report on all reimbursements.
– Yearly performance analysis of corporate/staff productivity.
Petroleum Equalization Fund Headquarters
AP Plaza, Adetokunbo Ademola Crescent, Wuse II, P.M.B. 450, Garki G.P.O. Abuja
Petroleum Equalization Fund Zonal office
Lagos Zonal Office
Ibadan Zonal Office
Port Harcourt Zonal Office
Enugu Zonal Office
Kaduna Zonal Office
Gombe Zonal Office