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Farooq

Posts Tagged "fuel scarcity"

HomePosts Tagged "fuel scarcity"

Oil marketers say it is no longer profitable to sell premium motor spirit (PMS) better known as petrol at the rate of N145 per litre. They made this known on Tuesday during a meeting with top government officials at the presidential villa in Abuja. Abba Kyari, chief of staff to the president, presided over the […]

Any depot that sell fuel above the ex-depot price of N133.38 to petroleum marketers would be liable to three months closure and a fine of twenty million Naira fine, the Department of Petroleum Resources (DPR), has said. Wole Akinyosoye, DPR’s Zonal Operations Controller, Lagos, who disclosed this yesterday in a statement as part of the […]

  • NNPC

Femi Asu and Leke Bayewu The fuel supply situation in the country took a turn for the worse on Tuesday as queues of desperate motorists grew longer at many petrol stations selling Premium Motor Spirit, also known as petrol, in Lagos, Ogun, Kwara and other states of the federation, including the Federal Capital Territory. Our […]

ABUJA, Dec 5 (Reuters) – Nigeria’s state oil company assured motorists on Tuesday there was no shortage of petrol and urged them not to engage in panic buying after long queues built up at filling stations. Lengthy fuel queues were reported by motorists on Tuesday across Nigeria, including in the commercial capital Lagos, in the […]

The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plans to increase the pump price of petrol. NNPC made the denial in a statement by Mr Ndu Ughamadu, its Group General Manager, Group Public Affairs Division. The statement explained that the recent increase in bridging allowance to transporters from N6.20 to N7.20 […]

ABUJA, July 8 (Reuters) – Nigeria’s state oil company on Friday urged motorists not to engage in panic petrol buying, a day after a trade union representing oil workers began a strike that raised fears of future fuel shortages. Petrol shortages caused lengthy queues for motorists seeking to fill their tanks earlier this year after […]

ABUJA, July 7 (Reuters) – A Nigerian trade union representing oil workers said it had begun a strike on Thursday, but added that the effect of its industrial action would not be felt for some time because it started on a public holiday. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said 10,000 […]

By Ugo Nwagwu Venezuela is on the brink to total collapse. Venezuela as of now is a failed state. And that’s just the beginning because unfortunately, things are actually going from bad to worse. Venezuela’s GDP is expected to plunge by and additional 8 percent this year, and inflation is set to rise even more […]

By Alexis Akwagyiram LAGOS May 17 (Reuters) – Fuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said on Tuesday. Nigeria is facing its biggest economic crisis for decades due to the knock-on effects of a slump in […]

ABUJA May 17 (Reuters) – Nigerian labour unions representing millions of workers have been blocked from staging a general strike in protest at government plans to increase petrol prices by up to 67 percent. The unions announced last week that they would hold an indefinite strike from Wednesday unless the government reversed its decision to […]