The Nigerian National Petroleum Corporation (NNPC) has halted the sale of Premium Motor Spirit (PMS), commonly known as petrol, to independent marketers following a recent price increase. This decision was announced after the price of petrol was raised to over…
The outlook for resolving Nigeria’s petrol shortage is growing increasingly grim due to mounting difficulties faced by the Federal Government. A massive $6 billion debt to petrol suppliers and a severe liquidity crisis are severely limiting the government’s ability to…
By Seun Ibiyemi The President, Petroleum and Natural Gas Senior Association of Nigeria (PENGASSAN), has identified reasons for persistent queues in filling stations across the country. Speaking at the ongoing 2024 PENGASSAN Energy and Labour Summit (PEALS 2024), in Abuja…
Many depots supplying petrol are currently depleted, leading to a significant fuel shortage and long queues in states across Nigeria. The shortage has led to a surge in black market prices, with fuel being sold at up to N1,300 per…
It is no longer news that Nigeria, ranking as one of the highest oil producing countries in the world, continuously suffers from perennial fuel scarcity day in, day out. A trip to the creeks of the Niger Delta will reveal…
As petrol scarcity bites harder across Nigeria, motorists in Kaduna, Kano and Katsina States are paying through their noses to get the now scarce commodity. Checks by in the three states revealed harrowing experiences of the innocent citizens. It was…
The lingering fuel scarcity in the country has made motorists resort to storing fuel in their vehicles to avoid queing at filling stations. In a frantic effort to avoid disasters that could arise as a result of such act, the…
The Nigerian National Petroleum Company (NNPC) Limited has stated the country has over 1.5bn litres of Premium Motor Spirit (PMS) in stock. This is coming on the heels of the hardship Nigerians are going through to get the product to…
Fuel scarcity has hit parts of Zamfara State, with many filling stations under lock and key. Newsmen observed that most filling stations in Gusau, Kaura Namoda, Tsafe and other places were not dispensing the commodity. A liter of fuel is…
Long queues have surfaced at filling stations across Bauchi metropolis, signalling a scarcity of Premium Motor Spirit (PMS), otherwise called petrol. A correspondent who monitored the situation on Tuesday reports that most of the stations were out of stock of…
