Tag: Fuel scarcity

Expect Two More Weeks of Fuel Scarcity – IPMAN

29Apr

By adminNo Comments

Economy, News, Nigeria, Petroleum

Expect Two More Weeks of Fuel Scarcity – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has projected that the ongoing petrol scarcity, which is spreading to more states across the country, will take at least two weeks to normalize. Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) has assured the public that it possesses adequate stock of the product. According to Chinedu Ukadike, the Public Relations Officer of IPMAN, the scarcity is primarily due to importation bottlenecks, slow pace of marketers' license renewal by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and maintenance activities at European refineries. He noted that only a fraction of marketers have had their licenses renewed by NMDPRA, leading to a disruption in the supply chain. Ukadike exp...

<strong>Protesters Storm UI Gate, Soldiers Deployed To Scene</strong>

6Feb

By Mary UgwuanyiNo Comments

Economy, Education, News, Nigeria, Petroleum, Uncategorized

Protesters Storm UI Gate, Soldiers Deployed To Scene

Protesters converged at the gate of the University of Ibadan, Oyo State, on Monday morning to express their disaffection over the present economic challenges in the country. Members of the community barricaded the varsity’s gate, thereby causing traffic jam and putting a stop to other activities. According to a student who chose to be anonymous, soldiers and Operation Burst officers had been deployed to the scene, at the time of filing this report, Punch reports. However, the institution’s Communication Officer, Mrs Adejoke Akinpelu, said the protesters had been dispersed by the security personnel. See Also: 2023 Election: Suspend Academic Activities In All Tertiary Institutions – Reps Tells FG She said, “The U.I Chief Security Officer told me that it was some miscreant...

Fuel Price Hike: Lagos, Abuja Residents Suffer as Price Increases

12Jul

By Osaretin BalogbanNo Comments

Africa, Cost of Living, Economy, Lagos News, Nigeria, Petroleum

Fuel Price Hike: Lagos, Abuja Residents Suffer as Price Increases

Nigerians are experiencing an unofficial fuel price hike as numerous filling stations have increased their pump prices from the regulated N165. The hike in price is confirmed to be rampant in the city of Abuja and Lagos. African News Today gathered information that certain petrol stations sell their product for N220 per litre. Even amongst the hike, some stations refused to sell leading to a scarcity of petrol in some areas. In Lagos, filling stations such as Ardova and MRS filling stations located along Lekki Expressway sold at the price of N180 and N200 per litre. see also: Fuel Subsidy Is A Scam – Peter Obi Rosebol filling station located at Ipaja metered their petrol at N180 per litre and N190 per litre was sold at Mao filling station situated at Kola. A motorist...

NNPC To Nigerians: Avoid Panic Buying, We Have 1.7bn Litres Of Petrol In Stock

5Mar

By Chinedu IbeakanmaNo Comments

Interview, News, Nigeria, Petroleum

NNPC To Nigerians: Avoid Panic Buying, We Have 1.7bn Litres Of Petrol In Stock

The Nigerian National Petroleum Company (NNPC) Limited has urged Nigerians to avoid panic buying, adding that it has enough petrol in stock. Mele Kyari, group managing director, NNPC, said this while briefing journalists in Abuja on Wednesday, shortly after a meeting with the National Union of Petroleum and Natural Gas Workers (NUPENG) and Petrol Tanker Drivers (PTD). Others present at the meeting were the Depot and Petroleum Marketers Association of Nigeria (DAPMAN) and Major Oil Marketers Association of Nigeria (MOMAN). Last month, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had confirmed that methanol above national specification was imported into the county. Amid efforts to recall the off-spec petrol from circulation, the supply ch...