Latest on Fuel Scarcity, Petrol prices and Reports

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

Petroleum engineer, Mr Martin Onovo, has alleged that the Nigeria National Petroleum Company Limited (NNPCL) has not been providing accurate information about the status of ongoing rehabilitation of the Port Harcourt refinery. His comment comes amid worries expressed by Nigerians over the

April 29, 2024

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Business·News

Commuters Stranded As Fuel Scarcity Hits Abuja, Anambra, 4 Other States

Many Nigerian states are in a state of chaos due to a widespread fuel scarcity, leaving commuters stuck, transportation costs increasing, and drivers having to wait in long lines at the few stations that still supply the essential resource. Transportation networks in

April 25, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to allay fears, attributing the situation to what it terms a

February 6, 2024

Business·News·Oil & Gas

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Oil marketers and the Nigerian National Petroleum Corporation Limited (NNPCL) engaged in a tug-of-war over the ongoing fuel scarcity that has led to long queues at petrol stations in Abuja and neighboring states. According to Chief Ukadike Chinedu, the National Public Relations

November 17, 2023

Business·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to the Centre for the Promotion of Private Enterprise (CPPE). The

June 11, 2023

Business·Opinion

Was There Ever Fuel Subsidy In Nigeria?

The military regime of Olusegun Obasanjo in 1977 promulgated the Price Control Decree (later Act). The law makes it illegal for some products (including fuel) to sell beyond government’s set prices. Remarkably, the official price of fuel in Nigeria is always below

June 10, 2023

Five Important Policies To Expect From Tinubu After Fuel Subsidy Removal

Business·Opinion

President Tinubu’s Fuel Subsidy Pill – The Questions

Unknown to many in Nigeria, fuel subsidy has been around since the mid-1970s, when the price of a litre of petrol was 5 kobo, and did not exceed four naira until 1991. Normally, Nigerians have been buying fuel at a cost lower

June 2, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Full Deregulation Of Downstream Oil Sector’ll End Petrol Crisis -IPMAN

With the incessant scarcity and hike in prices of petroleum products in Nigeria, the only antidote is full deregulation of the downstream oil and gas subsector to encourage more private sector participation in order to boost local production and supply. This was

June 1, 2023

Business·Oil & Gas

Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

The National Vice President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, said the fuel scarcity in the country is driven by fear of electoral violence. Maigandi disclosed that oil marketers in the Northern states of Nigeria have suspended their journey

March 8, 2023

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

Business·Oil & Gas

Dangote Refinery Won’t Save Nigeria From Looming Fuel Scarcity – New Report

The S&P Global commodity Insight has revealed that the oil refinery Aliko Dangote is building will not reach full capacity before the end of 2024. According to S&P, the Dangote refinery is expected to commence operation in the fourth quarter (Q4) of

March 6, 2023

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Fuel Scarcity - Page 2

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

Commuters Stranded As Fuel Scarcity Hits Abuja, Anambra, 4 Other States

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

Was There Ever Fuel Subsidy In Nigeria?

President Tinubu’s Fuel Subsidy Pill – The Questions

Full Deregulation Of Downstream Oil Sector’ll End Petrol Crisis -IPMAN

Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

Dangote Refinery Won’t Save Nigeria From Looming Fuel Scarcity – New Report

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