•Fuel queue in a petrol station Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country. Black marketers have taken advantage of the situation, selling as high as N1,300 per litre and […...
•Dangote refinery Some local refinery operators have lamented that the announcement made by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stating that the federal government would continue to import fuel, shows that the government had taken sides against local refineries. The operators, under the aegis of the Crude Oil ...
The national average retail price for Premium Motor Spirit otherwise known as petrol increased year-on-year, YoY, by 37.44 percent to N750.17 per litre in June 2024 from N545.83 per litre recorded in the corresponding period of 2023. On a month-on-month, MoM basis, the average retail price decreased by 2.53 per cent from N769.62 per litre [&he...
The long queues for Premium Motor Spirit (PMS), popularly known as petrol, which first hit the Federal Capital Territory (FCT) last weekend, and has now spread to various parts of the country, is as a result of a sudden disruption in the supply chain by natural factors. This was the explanation provided yesterday by the […]
•Fuel scarcity in Nigeria Fresh queues for Premium Motor Spirit, popularly called petrol, surfaced in Abuja, parts of Niger and Nasarawa states yesterday following the closure of many filling stations operated by independent marketers. Dealers closed their retail outlets due to their inability to access petrol as a result of the hike in the ex...
•Fuel queue Long queues are snaking back at petrol stations across Africa’s biggest economy, raising fresh concerns about shortages as the Nigerian National Petroleum Company Ltd (NNPCL) struggles with a staggering $6 billion petrol payment backlog. NNPC owes around $6 billion to international traders for imported petrol as traders said the st...
Namibia says it will decrease the price of petrol by 80 Namibian cents per liter (about 0.044 U.S. dollars). Similarly, diesel 50ppm will be leased by 60 Namibian cents per liter, and diesel 10ppm by 70 Namibian cents per liter, effective from tomorrow Wednesday, July 3. The Ministry of Mines and Energy (MME) announced this […]
•Fuel scarcity As fuel scarcity lingers across the country, many have engaged in panic buying and storing petrol in kegs and jerry cans in their homes and offices. Meanwhile, black marketers are selling more fuel than filling stations. Also, some Nigerians have thus expressed concern over the dangers posed by the careless handling of this [&he...
•Fuel Scarcity The Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the pro...
Many filling stations were closed in Abuja as the scarcity of Premium Motor Spirit, popularly called petrol, caused heavy queues at the few outlets that were dispensing the product today. Many commuters have been left stranded at various bus stops due to the scarcity of PMS required by transporters to run their vehicles, reports Daily [&hellip...
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