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Fuel Scarcity

We cover every fuel scarcity issue, development, and crisis, in Nigeria. Lagos fuel scarcity, Abuja fuel scarcity, petrol pump prices, diesel, and all PMS products.
We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity
Business·News·Oil & Gas

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
Read More
Victor Ezeja
September 6, 2024
NNPCL GMD
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
Read More
Emmanuel Ochayi
September 5, 2024
Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers
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
Read More
Victor Ezeja
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
Read More
MARCEL MBAMALU
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
Read More
Victor Ezeja
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
Read More
Victor Ezeja
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
Read More
Emmanuel Ochayi
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
Read More
Victor Ezeja
May 5, 2024
Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree
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
Read More
Emmanuel Ochayi
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
Read More
Emmanuel Ochayi
April 30, 2024
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