Latest on Fuel Scarcity, Petrol prices and Reports

We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity

Despite the lingering scarcity and hike in price of petrol, Nigeria’s Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said there is sufficient supply of petrol in the country. The minister stated this on Thursday, while briefing newsmen after a meeting

September 6, 2024

Business·Markets·News·Oil & Gas

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

The Nigerian National Petroleum Company Limited (NNPCL) has found itself at the centre of a financial and operational crisis that has left Nigerians reeling from the consequences. The NNPCL, once hailed as Nigeria’s most valuable asset, is now being viewed by many

September 5, 2024

Business·News·Oil & Gas

Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers

Lagos residents are grappling with transport challenges due to lingering fuel scarcity which has forced many commercial vehicles off the road. Between 7:30am and 9:00 am on Wednesday, 21st August, Prime Business Africa observed that many commuters were stranded at different bus

August 21, 2024

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Opinion

Fuel Price Hikes As Lame Duck Economics

Early in the week, some scary news made the rounds that the Nigerian government was lobbying the National Economic Council (NEC) members, mainly governors, to support its plan to increase fuel prices to N1, 000 per litre. A month before, it also

July 13, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Fuel Scarcity: NNPC Warns Against Panic Buying, Reassures Sufficient Supply

The Nigerian National Petroleum Company Limited (NNPCL) has cautioned members of the public against engaging in panic buying of Premium Motor Spirit (PMS), also known as petrol, assuring that it now has sufficient stock that can meet supply needs for at least

May 7, 2024

Business·News·Oil & Gas

NECA Raises Concerns Over Impact Of Lingering Fuel Scarcity On Economy, Seeks FG’s Urgent Intervention

The Nigeria Employers’ Consultative Association (NECA), has called on the Federal Government to urgently intervene and address the lingering fuel scarcity, expressing concerns that it has created a significant negative impact on the economy. The Director General of NECA, Mr. Adewale-Smatt Oyerinde,

May 6, 2024

Fuel Scarcity: Marketers Urge Sustained Emergency Supply As Stock Drops

Business·News

Fuel Scarcity: Marketers Demand Sustained Emergency Supply As Stock Drops

Petroleum marketers are calling for an extension of the emergency fuel supply initiative as fuel scarcity lingers across Nigeria. The Nigerian National Petroleum Company Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have been advised to continue their emergency

May 6, 2024

5 Reasons Nigerians Still Buy Generators despite High Fuel Cost

FEATURES·Oil & Gas

5 Reasons Nigerians Still Buy Generators Despite Unstable Fuel Costs

Despite steady rise in cost of fuel over the years, Nigerians have continued to buy generators for their various power needs. From N65 per litre between 2008 and 2011, the price of fuel was increased to N141 in 2012 during President Goodluck

May 5, 2024

Business·News·Oil & Gas

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

The Nigeria National Petroleum Corporation (NNPC) has attributed the lingering fuel scarcity in the country to panic buying and sharp practices by some petroleum marketers. However, petroleum marketers have disagreed with the NNPC’s position, citing inadequate supply as a major reason for

May 4, 2024

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business·News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre due to

April 30, 2024

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Fuel Scarcity

We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers

Fuel Price Hikes As Lame Duck Economics

Fuel Scarcity: NNPC Warns Against Panic Buying, Reassures Sufficient Supply

NECA Raises Concerns Over Impact Of Lingering Fuel Scarcity On Economy, Seeks FG’s Urgent Intervention

Fuel Scarcity: Marketers Demand Sustained Emergency Supply As Stock Drops

5 Reasons Nigerians Still Buy Generators Despite Unstable Fuel Costs

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

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