Private Depots Increase Petrol Price To ₦900/Litre
Private oil depots in Nigeria have increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦900 per litre. This is a rise from over ₦890 per litre seen over the weekend. The increase is mainly due to the rising cost of crude oil and other global market factors. The cost of […]
PETROAN intervenes to halt Nigeria shutdown over unpaid N100bn bridging claim
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has taken action to prevent a nationwide fuel crisis by engaging the government over unpaid bridging claims. PETROAN’s President, Billy Gillis-Harry, said the association has started discussions with the Nigerian government to ensure the payment of N100 billion owed to petroleum marketers. This move comes […]
Nigeria Importing 25 Million Litres Of Petrol Daily – FG
The Nigerian government has revealed that the country now consumes about 50 million litres of petrol daily. Half of this supply comes from local refineries, while the rest is imported. The Executive Director of Distribution Systems, Storage, and Retailing Infrastructure at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Ogbugo Ukoha, shared this […]
Fuel Queues Are Finally Over in Nigeria – Otedola
Nigerians can now say goodbye to the long-standing issue of fuel queues, according to businessman Femi Otedola. On Sunday, Otedola confirmed that the country has entered a new era as the Nigeria National Petroleum Company Limited (NNPCL) began loading petrol from Dangote Refinery. Otedola, owner of Geregu Power Plant, celebrated this milestone and praised President […]
NULGE Chairman Dies at Petrol Station While Queuing for Fuel in Ondo State
The chairman of the Nigeria Union of Local Government Employees (NULGE) in Akure South, Ondo State, Oluwatuyi Olasoji, tragically passed away after collapsing at a petrol station while waiting to purchase fuel. Reports suggest that the chairman collapsed last week as he queued to buy petrol. He was immediately rushed to the Federal Medical Center […]
Dangote’s Refinery: A Solution or Another Economic Burden for Nigeria?
As Africa’s richest man, Aliko Dangote, prepares to start fuel production at his much-anticipated refinery, many Nigerians are hopeful that this project will bring an end to the country’s perennial fuel shortages and high prices. However, not everyone shares this optimism. Nigerian activist and lawyer, Deji Adeyanju, has voiced strong opinions about the refinery and […]
Petrol Price in the North Hits N1000 per Litre, Says Labour Party Spokesperson
The cost of petrol in Northern Nigeria has shot up to a staggering N1000 per litre, according to Yunusa Tanko, the spokesperson for the Labour Party. This news comes at a time when Nigerians are already facing widespread fuel shortages across the country. The scarcity of petrol has had a severe impact on both the […]
We’ll Supply Only what We Have – Oil Marketers – Fuel scarcity
Nigeria is currently experiencing fuel scarcity, and oil marketers have revealed that this is due to ongoing logistics challenges. Billy Gillis-Harry, the President of the Petroleum Products Retail Outlets Owners Association (PETROAN), explained in a recent interview that marketers are supply-constrained, meaning they can only distribute the fuel they have on hand. This shortage has […]
NNPC – Reasons Behind Fuel Scarcity in Lagos and Abuja
If you’ve been experiencing long queues at fuel stations in Lagos and Abuja, you’re not alone. The Nigerian National Petroleum Company Limited (NNPC) has shed light on the reasons behind the current fuel scarcity in these areas. Olufemi Soneye, the chief corporate communications officer at NNPC, explained that the tight fuel supply is due to […]
Fuel Scarcity: Petrol Prices Reach N720 Per Litre
Due to private depot owners raising the ex-depot price of petrol from N630 to N720 per litre, fuel scarcity is beginning to manifest in Lagos and other regions of Nigeria. Due to their refusal to purchase the pricey fuel from private depots, numerous gas stations in Lagos, Ogun, and other states have ran out of […]