Tag: Fuel Scarcity

Fuel scarcity looms, as NUPENG, ÆŠangote face-off festers

Aminu Imam
Fuel scarcity looms

The stability in the distribution and availability of petroleum products being enjoyed by Nigerians is about to be aborted as a result of the seeming cold war between the management of the ÆŠangote Refinery and one of the umbrella unions of workers in the oil industry, the Nigeria Union of Petroleum and Natural Gas Workers, (NUPENG). NUPENG, in a statement jointly signed by Comrades Williams Akporeha and Afolabi Olawale, President and General Secretary respectively, and issued to newsmen in Abuja yesterday, the Union accused the management of Dangote Refinery of…

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Abuja residents struggle, as NNPCL closes fuel stations over logistics issues

Aminu Imam
Abuja residents struggle

Residents of the Federal Capital Territory, (FCT), have been left stranded and grappling with fuel shortages following the sudden closure of several retail outlets owned by the Nigerian National Petroleum Corporation Limited (NNPCL) within the capital city. It was gathered that the stations closed for some days, were allegedly ordered by the management of the national oil firm and will continue till next week. The closures, attributed to logistical challenges, have led to long queues at the remaining independent fuel stations, who now sell their products at higher prices, thereby…

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IPMAN warns of another round of fuel scarcity

Aminu Imam
IPMAN warns

The Independent Petroleum Marketers Association of Nigeria, (IPMAN) has warned Nigerians of another round of fuel scarcity. IPMAN’s National Public Relations Officer, Okanlawon Sulaiman Olanrewaju, who gave a hint of the expected scarcity when he spoke with newsmen on Friday in Ilorin, the Kwara State, said the expected round of fuel scarcity followed the price the Nigerian National Petroleum Corporation Limited (NNPCL) has imposed on marketers. According to him, it was too high and could cause another round of fuel scarcity. He said NNPCL wants to sell at N1,010 to…

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Fuel scarcity: NULGE chairman dies after slumping at filling station 

Aminu Imam
NULGE chairman dies

The on-going fuel scarcity crisis in Nigeria has resulted in a tragic incident, with the chairman of the Nigeria Union of Local Government Employees (NULGE) for Akure-South local government area, Oluwatuyi Olasoji, reported dead. Olasoji collapsed while waiting to purchase fuel at a filling station in Akure, Ondo State. Local reports indicate that the incident occurred last week as he attempted to buy Premium Motor Spirit (PMS), popularly known as petrol. After collapsing, he was rushed to the Federal Medical Center in Owo, where he underwent surgery. Unfortunately, despite medical…

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“Prepare for more fuel scarcity”, NNPCL warns amid price hike

Aminu Imam
Fuel scarcity

Executive Vice-president of Nigerian National Petroleum Company Limited, NNPCL (Downstream), Adedapo Segun, has advised Nigerians to brace for more fuel scarcity following the recent hike in the pump price of the product. The NNPCL Executive, who said this while speaking on a television programme, yesterday, emphasised the need for a perfectly competitive market to ensure stable fuel prices and supplies in Nigeria. “The pump price today is not market reflective. NNPCL is the sole importer of PMS in the country, which is abnormal. We should be moving towards a situation…

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Fuel scarcity: As crisis enters 6th week, NNPC blames distribution challenges

Aminu Imam
NNPC blames

As the severe petrol shortage in Nigeria extends into its sixth week, the Nigerian National Petroleum Company Limited (NNPCL) has once again attributed the situation to “distribution challenges”. This is the third major fuel scarcity episode in 2024, beginning in early July. Initially, the NNPCL explained the shortage as a result of logistics issues involving the transfer of petrol from mother vessels to daughter vessels. The company cited the disruption of ship-to-ship (STS) transfers due to recent thunderstorms and adverse weather conditions. These conditions, according to NNPCL, affected berthing at…

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Fuel scarcity looms again, as petrol price hits N1,000/litre in FCT, Lagos, Kano, others

Aminu Imam
Petrol hawkers

Another scarcity looms once more, as the price of Premium Motor Spirit (PMS), better known as fuel or petrol, is nearing ?1,000 per litre at filling stations across several States, including the Federal Capital Territory (FCT), Abuja. According to reports, the supply of petrol has experienced intermittent availability throughout the nation, resulting in numerous filling stations being unable to provide the product. Recent findings have revealed the unpleasant experience of motorists and general consumers of the product in FCT and various States across Nigeria. It was revealed that at certain…

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Fuel Scarcity: Oil Marketers give reasons, as filling stations adjust pumps to new price

Aminu Imam
Oil marketers on fuel price

Petrol filling stations across Nigeria have adjusted their pump prices from N62 per litre to new prices, following the scarcity of Premium Motor Spirit (PMS), also known as petrol, especially in Abuja. However, the new scarcity is majorly felt by residents of Abuja and other northern States like Jigawa, Kebbi. The new scarcity comes amid reports that Nigerian National Petroleum Company Limited (NNPCL) owes around $3 billion to fuel traders for imported petrol. Oil marketers are blaming the NNPC for the new scarcity. The marketers  under the Petroleum Products Retail…

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Petrol scarcity looms, as NNPC incurs $6bn payment backlogs

Aminu Imam
Fuel queues

Long queues have returned to petrol stations across Nigeria, raising concerns about fuel shortages as the Nigerian National Petroleum Company Ltd, (NNPCL), grapples with a $6 billion petrol payment backlog. According to reports, NNPCL owes approximately $6 billion to international traders for imported petrol. Traders have stated that NNPCL is taking more days to make payments, exceeding the usual 90-day period. Reuters indicated that NNPCL’s mounting debt includes overdue payments of $4 billion to $5 billion for January imports, causing several international petrol suppliers to cease participating in recent tenders.…

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“Fuel scarcity will soon be over”, Senate leader assures Nigerians

Aminu Imam
Senate leader

Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis being experienced in the country will soon be a thing of the past. Bamidele gave this assurance in an interview with newsmen on the sidelines of the Oil Technology Conference in Houston, Texas, USA on Friday. He said the Legislature is working tirelessly to ensure that fuel scarcity and frequent queues at filling stations are resolved. According to him, there were plans to involve more private-sector players in the construction of new refineries. Bamidele said the Senate had received…

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