Petrol Price Hits N8,000 Per Litre In Niger Republic As Nigeria Shuts Petrol Stations In Border Areas

Despite growing complaints from marketers over revenue losses, the Nigeria Customs Service (NCS) declared on Monday that the stations would remain closed. For about four years, over 400 filling stations owned by independent oil marketers in Nigeria’s border communities have remained shut following the Nigerian government’s directive to curb petrol smuggling into neighbouring countries. Despite…

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FLASH: With Nowhere Else To Turn, Niger Republic Begs Nigeria For Fuel Amid Severe Shortage

Niger Republic has seek Nigeria’s assistance to alleviate a severe fuel scarcity crisis that has brought the country to a standstill. For weeks, Niger has been grappling with a crippling fuel shortage, leading to long queues at petrol stations, skyrocketing black-market prices, and widespread economic disruption. “Our tanks have been dry for three days. No-one…

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BREAKING: NNPCL Increases Fuel Price To N1,030 Per Litre In Abuja, N998 In Lagos

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….

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VP Shettima Summons Petroleum Minister, NNPCL, NSA Ribadu Over Petrol Price Hike

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),…

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BREAKING: Prepare For More Fuel Scarcity — NNPCL Tells Nigerians

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…

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JUST-IN: FG Speaks On Ordering NNPC To Raise Fuel Price Above N1,000 Per Litre

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…

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Protests In Abuja Over Fuel Scarcity

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…

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N1,000/Litre: FG Threatens To Shut Down ‘Profiteering’ Filling Stations

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…

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