Fuel Subsidy Removal: Brace For N750/Litre Petrol, Stakeholders Tell Nigerians
As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as...
Marketers Say Fuel Scarcity Will Linger Till After Elections
The scarcity of Premium Motor Spirit, popularly called petrol, in Abuja and other northern states could persist till after Saturday’s gubernatorial elections in various states, oil marketers said on Tuesday.
Petrol scarcity became severe on Monday in...
Petrol: Queues Return To Abuja, Others As Supply Dips
The scarcity of Premium Motor Spirit, popularly called petrol, has again returned to Abuja, Nasarawa, Niger, Kaduna and other states, causing massive queues at the few filling stations that dispensed the product in the affected areas.
In...
Subsidy: Fed Govt Borrowing To Import Fuel - Minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills.
The government also confirmed that there was a possibility of global economic recession this year,...
Marketers Project N350/litre Pump Price As Depots Sell N220/litre
The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of the product, oil marketers stated on...
Queues Persist As Petrol Stock Plunges By 5.48m Litres
The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on Tuesday.
Although the drop in PMS stock was marginal, queues for petrol persisted...
