15% fuel tariff’ll boost local refining, stabilise naira — NECA
By Victor Ahiuma-Young ABUJA — The Nigeria Employers’ Consultative Association, NECA, has commended the Federal Government on the recently announced 15 per cent import tariff on certain petroleum products, describing it as a timely and necessary measure to support local refining and strengthen domestic production. The Director General of NECA, Adewale-Smatt Oyerinde, who gave the […]
Why fuel crisis persists — NNPCL, NMDPRA explain
The Nigeria National Petroleum Company Limited, and the Nigeria MidStream and Downstream Petroleum Regulatory Authority, have explained that the nation is facing a petroleum crisis because of distribution challenges faced by the marketers.
Why petrol shortage worsens in Lagos, Ogun, others
-Diversion, arbitrary pricing discovered By Udeme Akpan, Energy Editor & Theodore Opara There were indications, weekend, that the prolonged petrol shortage in Lagos, Ogun and environs is worsened by illegal practices, especially arbitrary pricing and diversion, to unauthorised locations. Checks by Vanguard showed that some independent oil marketers, who complained about the high cost of lifting […]
NUPENG directs members to compile names of marketers hoarding PMS, increasing depots prices
By Victor Ahiuma-Young The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has directed members to, from today compile names of marketers hoarding Premium Motor Spirit, PMS, commonly known as petrol, or selling above official depot price. Recall that the Union had Saturday given marketers 24 hours to revert to the official depots price […]
Nigeria’s fuel crisis fuels health hazards
By Sola Ogundipe Amid the lingering fuel crisis in Nigeria, cases of hazardous health effects from unsafe exposure to Premium Motor Spirit, PMS, (petrol) has been on the increase. Reports of persons reporting to the hospital with complaints of headache, nausea, dizziness and respiratory irritation, etc., after accidental ingestion of petrol or inhalation of the […]
Amidst scarcity, NSCDC nab 2 persons with 30 kegs of fuel in Ilorin
While PMS scarcity bites, hard across the nooks and crannies of Kwara state, causing very few vehicles to now be on the roads, the state command of the Nigeria Security and Civil Defence Corps, NSCDC said it has arrested two middle-aged men, Yunus Yusuf, 32 and Ismail Olamilekan 33, for allegedly engaging in the black market business of the premium motor spirit, PMS.
