The Federal Government has ordered immediate payment of the N150 billion bridging cost for fuel products’ delivery across the nation owed marketers. The order was given at the Aso Rock Presidential Villa in Abuja after a two-hour closed-door meeting President Muhammadu Buhari’s Chief of Staff...

An acute shortage in the supply of diesel and kerosene has hit filling stations nationwide, a situation which may fuel inflation on foods and other consumables if not averted quickly. Daily Trust report that imports of diesel and kerosene have been suffering hitches due to...

Fuel marketers in the country have called for the removal of the cap on the pump price of fuel. They said that the N145 per litre ceiling was unsustainable in view of the falling value of the naira against the U.S dollar. The marketers expressed support...

...IPMAN describes FG’s past regulation of petrol price as a failure About 25 licences that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be reviewed at again and those that have remained inactive will be revoked, the...

…Urges Nigerians to boycott strike action Independent Marketers Association of Nigeria (IPMAN) has disclosed that the country would start reaping the benefits of the new pump price of Premium Motor Spirit, PMS, also known as petrol, in less than one month, which might include a...

Plan by organised labour to embark on nationwide strike from Wednesday to mount pressure on government to backpedal on its fuel subsidy removal has triggered panic buying in Abuja and other parts of the country. A survey showed that long queues, which disappeared from filling...