FG initiates three-pronged strategy to end fuel crisis
ABUJA—THE Federal Government, yesterday, said it is has initiated a three-pronged strategy to address the fuel crisis currently witnessed across the country, stating that the queues recorded in petrol stations would thin out before the end of the week.
Fuel subsidy fraudster to spend 10 yrs in prison
An Ikeja High Court Thursday sentenced an oil marketer, Rowaye Jubril to ten years imprisonment over alleged N963.7 million fuel subsidy fraud.
We’ll no longer import fuel by 2019 – Kachikwu
THE Minister of State for Petroleum Resources, Mr Ibe Kachikwu, yesterday, in Abuja said Nigeria would no longer import fuel by 2019.
FG to cut fuel imports, grow Forex reserves with biofuels policy
The Federal Government, yesterday, said it is set to introduce a Biofuels Policy that would cut Nigeria’s fuel import by five per cent in the short term and up to 20 per cent in the medium, and which would also help grow the country’s foreign exchange earnings.
Reps want fuel sold at N70 per litre
The House of Representatives on Tuesday urged the Petroleum Products Prices Regulatory Agency (PPPRA) to review the current price template for Premium Motor Spirit (PMS) with a view to reducing the price to N70.
Fuel prices still above standard N145/litre in 28 states
Despite the official sharp increase in pump price of fuel from N86.50 to N145 in May this year, the National Bureau of Statistics, NBS, has reported that pump prices were significantly above N145 in 28 states in the month of July 2016.
DPR vows to sanction marketers hoarding fuel in Delta
DEPARTMENT of Petroleum Resources, DPR, has vowed to prosecute marketers hoarding and selling fuel above the approved pump price in Delta State.
Fuel scarcity and a culture of scapegoating
READING some of the public commentaries – and other forms of reactions – on the current fuel crisis and associated issues, I was reminded of why I opposed the controversial call to kill the Nigerian National Petroleum Corporation (NNPC) made last year by a prominent Nigerian politician. The politician reportedly summed up his justification for the call with the words: “If you don’t kill the NNPC, it will kill Nigeria.”
Fuel, forex crises push inflation to 4-yr high
Rising cost of food and transport, occasioned by acute fuel and foreign exchange crises, have combined to stoke up Nigeria’s inflation rate, rising to a near four year high of 12.8 per cent in March, up from 11.4 per cent in February.
FG plans new prices for fuel, as scarcity lingers
Nigerians might have to pay more for petrol in the days ahead, as the Federal Government, yesterday, disclosed that it would review the price of Premium Motor Spirit, PMS, also known as petrol, next month.
Getting the queues off filling stations
Beginning from this month, Nigerians have kept their fingers crossed, waiting anxiously to see the queues disappear from the filling stations on account of petroleum products shortages, as promised by the Federal Government.
Fuel scarcity created by greedy politicans — ASUU President
The Academic Staff Union of Universities (ASUU) says the persistence fuel scarcity faced by Nigerians is part of the ongoing sabotage in the political system.
Savings from fuel subsidy removal rise to N647m daily
ABUJA — Nigeria is currently saving N647.2 million daily from the suspension of subsidy on Premium Motor Spirit, also known as petrol.
Kachikwu joins Twitter, says ‘fuel scarcity will be over soon’
Dr Ibe Kachikwu, the Minister of State for Petroleum, has joined micro-blogging site, Twitter, assuring Nigerians that fuel scarcity will be over soon.
Fuel crisis defies solution nationwide
The perennial fuel crisis which has blighted the year worsened across the country, weekend, as hundreds of motorists slept in petrol stations with the intention of purchasing the products.
Scrap fuel subsidy now – Tinubu
Former governor of Lagos state, now National leader of All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu has asked for the immediate removal fuel subsidy.
