Tag: Fuel Scarcity

Artificial Fuel Scarcity: CSO commends DSS’s intervention, urges Nigerians to expose saboteurs

Aminu Imam

A Civil Society Organisations (CSO), ‘The Natives’, has commended the Department of State Services (DSS) for seizing the initiative to put a stop to the scarcity of petroleum products at retail outlets across the country. The group, in an issued statement at the weekend, noted that the move has suddenly changed the narrative of fuel queues. Checks revealed that the DSS at a meeting with Nigerian National Petroleum Company Limited, (NNPCL), the leadership of the Major Marketers, the Independent Petroleum Marketers Association of Nigeria, (IPMAN) and the Tanker Drivers Branch…

Read More

Residents groan, as fuel queues resurface

Aminu Imam

Motorists in the Federal Capital Territory, FCT, have started groaning again following the resurgence of long queues at the fuel stations, according to reports. For several months, motorists and committees in Abuja, the nation’s capital, have been grappling with scarcity of premium motor spirit, or PMS, popularly called petrol.  Initially, the Nigeria National Petroleum Company Limited, NNPCL, attributed the long queues at the fuel stations to panic buying by motorists who were responding to rumours of a possible increase in the pump price of petrol. Then, at some point, the…

Read More

Fuel scarcity lingers, as NNPCL stock decline by over 5 million litres

Aminu Imam

As the scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, has lingered, the Nigerian National Petroleum Company Limited (NNPCL)’s Monday’s stock of the product has reportedly declined marginally, by over 5 million litres. The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA), which dropped the hint in a document, titled: “Petroleum Products Stock & Days Sufficiency Data 7th November, 2022”, said the total stock, which was 1,912,725,464 litres on 6th November, 2022, dropped marginally to 1,907,244,225 litres on 7th November, 2022. The NMDPRA based its computation of average daily…

Read More

Fuel Queues Resurface: Petrol sells up N300/litre as scarcity forces return of black marketers 

Aminu Imam

The scarcity of petrol witnessed in many parts of Lagos and some other States is forcing many to turn to the black market where petrol now sells above N300 per litre. Petrol queues around filling stations have seen an upsurge in the activities of black marketers. It was observed that in many parts of Lagos, the few fuel stations dispensing petrol had long queues while some have adjusted their prices to sell at N200/litre.  It was also observed on Monday that some filling stations around Lagos environs were shut down…

Read More

Petrol sells for N220 per litre in Lagos, N235 in Abuja as scarcity worsens

Aminu Imam

Some filling stations yesterday dispensed Premium Motor Spirit, (PMS), otherwise known as petrol, for as high as N235 a litre, prompting the resurfacing of fuel queues in Lagos and Abuja, the federal capital. Despite displaying the N165 a litre on their pumps, it was noticed that some filling stations sold the product above the regulated price. The decision to continue to regulate the pump price of petrol has cost the nation about N1.27 trillion since the beginning of the year. Recently, the price of petrol has increased on the insistence…

Read More

Fuel scarcity: Arewa youths give FG 5-day ultimatum to sack, probe Sylva, Kyari, Farouk

Aminu Imam

The Amalgamation of Arewa Youths Groups (AAYG) has called on the President to wield the big stick on the trio of the Minister of State for Petroleum, Timipre Sylva; GMD, NNPC Ltd, Mele Kyari and MD NMDPRA, Farouk Ahmed, for ‘clear act of sabotage and an attempt to pitch Nigerians against him’. Their demand was contained in a statement issued by Comrade Abubakar Musa Ardo and Comrade Victor Duniya, Secretary and Spokesman of the group respectively. The group said their call was necessitated by the perennial fuel scarcity in parts…

Read More

Fuel scarcity: IPMAN demands N40bn for fuel haulage, association from FG

Abdul-Azeez Ahmed Kadir

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday in Sokoto called on the Federal Government to settle the N40 billion debts it owed the association. It said the debt arose from haulage of petroleum products to Sokoto, Kebbi, Zamfara and parts of Katsina states by its members. Alhaji Surajo Yahaya-Kamba, IPMAN Branch Chairman at Gusau Depot, who supervises operations in the states, made the call at the end of a meeting of members. He said the agreement signed between the association and the Federal Government was for the…

Read More

‘Worst fuel scarcity is coming’ – Petroleum Marketers alert Nigerians

Aminu Imam

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has asked Nigerians to prepare for the worst fuel crisis. The IPMAN chairman, Kano State chapter, Bashir Danmalam, made the remarks while addressing a news conference in Kano State on Monday. The marketers, however, asked the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), to pay its members their outstanding bridging claims amounting to over N500 billion in order to avoid the scarcity. According to him, the failure of the NMDPRA to pay the bridging claims,…

Read More

Fuel, power shortages: “I apologise” – Buhari sends message to Nigerians

Aminu Imam

President Muhammadu Buhari has sent a message to Nigerians, regarding the shortage of petrol and electricity in the country. Buhari, who apologised, expressed sincere regrets for the inconvenience caused to citizens of the country following a prolonged shortage of petroleum products, something that the administration has successfully averted in its seven years in office. This was disclosed in a statement by Senior Special Assistant to the President on Media and Publicity, Garba Shehu, yesterday. According to the President, “the administration knows the fuel shortage has placed a strain on Nigerian…

Read More

Nigeria’s inflation rises to 15.70% as fuel scarcity affects prices

Aminu Imam

Nigeria’s consumer price inflation index, (CPI), rose in February this year, after recording a fall in January as the nation faces fuel shortages that have helped push prices higher. The rate of price increase between February 2021 and Feb. 2022 was 15.70% higher than the 15.60% recorded in January, the National Bureau of Statistics, (NBS), announced yesterday. The NBS said the prices of goods and services, measured by the CPI, fell 1.63 percentage points, lower than the rate recorded in February 2021 (17.33 percent). According to the NBS, the rise…

Read More