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Tag: petrol scarcity

Petrol pump
Business

Scarcity: FG confirms availability of 1.3bn litres of petrol

Nigeria has confirmed the availability of about 1.3 billion litres of petrol which is said to resolve the lingering fuel scarcity. This was according to a report disclosed to The Punch on Saturday by the General Coordinator, South-West, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ayo Kadoso. Kadoso said this during a visit by the […]

Group backs sale of NNPC
Policy and Regulations

NNPCL PMS pump price rises above N184/ltr

The Nigerian National Petroleum Company Limited, on Thursday, increased the pump price of Premium Motor Spirit at its filling stations in Abuja to N194 per litre from N179 per litre.   Leadership reported that, in Lagos, NNPC filling stations visited displayed N184 per litre for PMS.   This development is coming after weeks of petrol […]

petrol pump
News

Scarcity: Inspect petrol stations’ tanks, NMDPRA urges FG

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that it wouldnow check the tanks of filling stations and other depots in order to halt the hoarding of petrol. The Federal Government said on Saturday that it had stopped operating seven depots in various parts of Nigeria for selling fuel to retail outlets at […]

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
News

Fuel queues worsen as petrol hits N250/litre

As scarcity of Premium Motor Spirit also known as petrol increased in many states on Sunday, some filling stations in Lagos, Abuja, Niger, and other locations have started selling the product for as much as N200 to N250 per litre. The shortage of petrol in Lagos and neighbouring states, as well as in Abuja and […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Oil and Gas

Abuja queues: Buhari increases freight rate for fuel transporters

In a bid to clear the persistent fuel queues by motorists in parts of the country, the President, Major General Muhammadu Buhari (retd.), has approved an increase in the freight rate being paid to transporters of petroleum products. Oil marketers had repeatedly complained that the lingering fuel queues in Abuja and neighbouring Nasarawa and Niger […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Energy

Abuja queues persist as NNPC supplies 1.5bn litres of fuel

Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show that the oil firm evacuated 1.523 billion litres of PMS between May 16 and June 5, 2022 in a bid to keep the country wet with fuel. However, this huge supply volume has not completely […]

Nigerians bought petrol N191.65 per litre September- NBS
News

How petrol pump price rose by 91 per cent in six years – Report

The cost of fuel pump increased from N87 per litre as of December 2015 to N165.77 by December 2021, showing an increase of 90.54 per cent. This is according to the Fuel Pump Price Per Litre – Average (PMS) data from the Central Bank of Nigeria. The Nigerian National Petroleum Corporation became the sole importer […]