Filling stations belonging to the Nigerian National Petroleum Corporation Limited (NNPCL) have increased the pump price of fuel. The product which previously sold for N897 in Abuja, the nation’s capital, currently sells for N1,030. Daily Trust correspondent who visited an NNPC outlet in Maitama observed how motorists queued up to purchase the product amid complaints….
GISTSMATE MEDIA reports that the Presidency has assured Nigerians that the current fuel scarcity in the country will soon come to an end. Minister of State for Petroleum Resources, Heineken Lokpobiri, disclosed that the situation will normalize by the weekend. Lokpobiri, who spoke on behalf of President Bola Tinubu, expressed deep concern over the hardship…
Vice President, Kashim Shettima, on Thursday summoned the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The Vice President also summoned the National Security Adviser, Nuhu Ribadu over the recent hike in the price of Premium Motor Spirit (PMS),…
GISTSMATE MEDIA reports the Nigerian National Petroleum Company Limited (NNPCL) has warned Nigerians to get ready to witness more fuel scarcity. The warning was given by Adedapo Segun, Executive Vice President of NNPCL (Downstream), during a televised interview on Thursday. Segun’s warning comes on the heels of the recent fuel price hike, which has already…
President Bola Tinubu’s administration appears to have upped the petrol price from N650 to N855, according to pump price displays on Tuesday on fuel dispensers at the government NNPC stations. Amid a lingering fuel scarcity and crisis, petrol prices on dispensing machines of government-backed NNPCL stations in Lagos and Abuja on Tuesday showed N855 per…
GISTSMATE MEDIA reports that the Federal Government of Nigeria has denied a report suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited to sell fuel at N1,000 above the approved pump price. The report claimed that the Minister for Petroleum Resources (Oil), Heineken Lokpobiri, gave the NNPCL the directive. Dismissing…
Nigerians have on Monday stormed Abuja in protest against fuel scarcity. The protests led by the Coalition of Concerned Civil Society Organizations of Nigeria, was initiated to create awareness and push the federal government led by President Bola Ahmed Tinubu to act in response to the scarcity of fuel in the country. Convener of the…
The federal government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to shut down any filling stations profiteering from Nigerians by selling Premium Motor Spirit (PMS), also known as petrol, as high as N1,000 per litre. The NMDPRA alleged that several filling stations operated by independent marketers, have raised their prices…
GISTSMATE MEDIA reports the Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCL’s vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations…
Oil marketers have attributed this round of scarcity of Premium Motor Spirit (PMS) also known as petrol, to lingering logistics challenges and supply constraints, saying “We will distribute only what we have”. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who was a guest on Channels…