Fuel Scarcity: Consumers Groan As Pump Price Nears N400/litre   Petrol consumers have continued to groan under the burden of skyrocketing prices, as Premium Motor Spirit almost hit N400 per litre over the weekend. Economic Confidential market survey over the weekend showed while stations belonging to the...

Marketers Say Petrol May Hit N800/litre On Subsidy Removal   As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that the cost of the commodity would cross N800/litre once subsidy on PMS is removed. Industry operators had...

Fuel Scarcity: Fed Govt To Inspect Stations’ Tanks   Oil marketers on Sunday said the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Marketers said the products...

Marketers Slam NNPCL's Import Monopoly on Fuel Oil Marketers in Nigeria have criticised Nigeria's National Petroleum Company Limited's import monopoly, claiming that the situation has hurt the petrol market. The General Manager, Operations, TotalEnergies Marketing Nigeria Limited, Abdulmutalib Rabiu, called for an end to NNPCL’s petrol...

Fuel Scarcity: Stop Issuing Empty Threats, Go After Cabal - PETROAN Tackles DSS   The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has faulted the 48-hour ultimatum issued by the Department of State Services (DSS) that oil marketers make Premium Motor Spirit (PMS) also...

Fuel Queues Grow As Ex-depot Price Hits N235/Litre   Private depots in Lagos, Port Harcourt, Calabar, among other cities, have raised the ex-depot price of Premium Motor Spirit, popularly called petrol, from the N220/litre, which it sold last week, to N235/litre. Officially, the approved subsidised ex-depot price...