Fuel scarcity hit the nation’s capital in September and has continued to take its tools on residents two months after. Not a few residents have questioned why filling stations hardly stock fuel but the street hawkers continue to make brisk sells even at odd hours. In this report, TOPE SUNDAY examines why the black market thrives. The floods that ravaged Read More
The lingering scarcity of Premium Motor Spirit (PMS), otherwise called petrol, in some parts of the country may take a turn for the worse as petroleum marketers have lamented the persistent scarcity of the Dollar and the dwindling fortune of the Naira. Already what started in Abuja and other hinterland states has spread to Lagos with most filling stations hiking Read More
For several weeks now, Nigerians have been experiencing hell on earth as a result of fuel scarcity. While many spend hours on queues at filling stations or at the mercy of black market operators, others pay high fares. PAUL OKAH in this report looks at the scenario, especially in the Federal Capital Territory (FCT). What could be the reason for Read More
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has said the massive flooding of Lokoja was responsible for the return of queues to fuel stations in the federal capital territory (FCT) and its environs. In a statement signed by the corporate communications department of the agency, the flood submerged a large portion of the road making the vehicular movement difficult. Read More
Amid the fuel scarcity and the hike in diesel price, a leading supplier of wholesale and retail automotive gas oil (AGO/Diesel) in Nigeria, Aazik Petroleum Limited, has disclosed that the firm would give priority to the needs of its customers. The Managing Director, Aazik Petroleum limited, Frank Azikiwe, who disclosed this in an interview with journalists in Abuja over the Read More
The perennial issue of fuel scarcity seems to have taken a new dimension with the high price of diesel currently; BENJAMIN UMUTEME writes. Since early February 2022, residents in Lagos have reported more-than-usual road traffics driven by fuel scarcity. The lack of fuel has generated long queues at filling stations across Lagos and other cities including the Federal Capital Territory, Read More
The Natural oil and Gas Suppliers Association (NOGASA) has warned that except the federal government through the Central Bank of Nigeria provide a 5-month emergency window that would enable importers of gas access the dollars at official rate and engage in massive importation to ease the queues being experienced in the Federal Capital Territory and its environs. National President of Read More
Fuel marketers under the auspices of the Major Oil Marketers Association of Nigeria, MOMAN have listed five challenges that must be addressed by the federal government if it’s determined to end fuel scarcity in Nigeria. According to the group during a media briefing, as part of permanent measures to curb fuel scarcity, marketers should also be allowed free and fair Read More
Fuel scarcity has worsened across Lagos, Ogun States, as filling stations now sell Premium Motor Spirit (PMS), popularly known as petrol, at N185 per litre or more. It was gathered that aside from the new illegal pump price, they had to tip the fuel attendants with N400 or more depending on their bargaining power. A motorist in Egbeda area of Read More
Nigeria is set to pay for its carelessness as global petroleum products hit a new low. This means the emergence of long queues at our petrol stations may drag for a very long time. Nigeria’s carelessness is such that it is the only country among the Organization of Petroleum Exporting Countries (OPEC) that I,ports between 90 to 95 per cent Read More
Many commuters in Lagos were stranded at various bus-stops as fuel scarcity worsen with the few available buses taking advantage of the situation to hike transport fares by almost hundred percent. Investigation showed that the shortage was first noticed on Saturday as some filling stations refused to sell the product on the outskirts of Lagos. On Monday, the scarcity spread Read More
Barely two months after the fuel scarcity, which bit Nigerians so hard, long queues have resurfaced in some fuel stations in the Federal Capital Territory (FCT); TOPE SUNDAY reports. Recall In the earlier week of February, Nigerians started to experience fuel scarcity owing to some adulterated litres of PMS, which were inadvertently imported from Belgium and released into the market. Read More
When the federal government reversed itself on the planned subsidy removal, Nigerians rejoiced that they won’t have to pass more through more hardship. But the reality on ground is that there is unofficial deregulation going on across the length and breathe of Nigeria; BENJAMIN UMUTEME writes. When in January this year the federal government announced it would be stopping the Read More
In the last one month, Nigerians have been experiencing fuel scarcity because of the importation of the adulterated litres of PMS from Belgium into the country. Though in the last few days, the queues in some of the filling stations in Abuja appear to be easing off, some car owners are still at the mercy of black marketers. TOPE SUNDAY Read More
Who’s to blame for the persistent queues at filling stations? The perennial fuel scarcity usually experienced in Nigeria surfaced in February through allegations of importation of adulterated products. Since then Nigerians have been spending more than five hours on queues to get fuel for their cars and domestic use on a daily basis. PAUL OKAH went to town to speak Read More
Nigeria’s inflation rose by 0.1 percentage points to 15.70 per cent in February, the statistics office said, after fuel shortages increased transport and other costs, while the war in Ukraine is expected to drive up the price of imports such as wheat. Lagos based Nuli Juice Company, which also owns restaurants, is among those affected by the cost of diesel, Read More
Nigerians are experiencing even less reliable electricity supply than usual amid gasoline scarcity that has caused long queues at gas stations for over a month in the West African nation. In recent weeks, provision of power to Nigerian homes and businesses has been especially patchy, leaving them ever more reliant on expensive and polluting generators that run on gasoline and Read More
Vladimir Putin’s barbaric invasion of Ukraine has escalated the crisis in Nigeria’s beleaguered civil aviation industry to calamitous proportions. The prohibitive cost of imported aviation fuel and offshore maintenance of aircraft with a persistently depreciating naira remains insurmountable burdens for airlines. Now everything is heading precipitously down the abyss as Russia’s invasion of Ukraine pushes oil price to record highs. Read More
The speaker, Kaduna state House of Assembly, Yusuf Zailani, on Friday personally directed vehicles at Shafa Energy Filling Station to ensure orderliness in order to allow the queue move smoothly. Filling stations are daily besieged by motorists in search of fuel with most of the stations taken over by long queues of vehicles from morning till night. Consequently, orderliness has Read More
A labour activist, Mr. Peter Esele, on Friday advised that the lingering fuel scarcity in the country should be treated as in the era of pandemic. Esele, a former president of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), gave the advice in an interview with the News Agency of Nigeria (NAN) in Benin City. He said people Read More
For weeks running now, the media landscape has been partly dominated by the news of imported adulterated PMS (Premium Motor Spirits) popularly known as petrol and the return of the infamous queues of motorists at fueling stations nationwide. Conspiracy theory? Yes, bad fuel was imported and there were queues at fueling stations. These two novelties deserve prominence in the media, Read More
Average and poor masses in this country have continued to lament the lingering fuel scarcity in the country which is worsening the poor living conditions of Nigerians. Despite assurances by the group managing director of the Nigeria National Petroleum Company that the fuel scarcity would be over last week, marketers have continued to hoard the the product thereby causing untold Read More
Fuel scarcity owing to the importation of adulterated Premium Motor Spirit (PMS), also known as petrol, into the country has continued to inflict so much pain on Nigerians as they recount their experience and count their losses, TOPE SUNDAY writes. Over 100 million litres of Premium Motor Spirit (PMS), also known as petrol, recently imported into the country were found Read More
Oil price dropped on Friday as fuel scarcity continues to bite harder in West Africa’s largest economy, Nigeria.Brent crude future fell by 1.52 percent or $1.41 to $91.46 at 10:30 AM Nigerian Time after climbing to $92.94 on Thursday. OPEC daily basket price stood at $95.32 a barrel Wednesday, the last update by the Secretariat, while U.S. West Texas Intermediate Read More
The rulers of Nigeria have a rather strange way of operating seemingly incompatible fiscal and political systems that make them look like the cruel tyrants running China with the rule of the thumb. Politically, China is known as Stalin’s last stand as it defiantly sticks to the brutal one-party communist old guard dictatorship. China’s communist dictatorship is strangely combined with Read More
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