petrol

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Petrol subsidy: Shelving the Doomsday

Petrol subsidy: Shelving the Doomsday

In the middle of 2021, the Federal Government served notice that it would, as from June 2022, end petrol subsidy in line with the new Petroleum Industry Act, PIA, which has commercialised the Nigerian National Petroleum Corporation, NNPC. However, as the new year unfolded, Organised Labour started making ready for a warning strike. It finally […]

Current petrol pump price remains for now — FG

Current petrol pump price remains for now — FG

By Obas Esiedasa – Abuja The Federal Government at the weekend insisted that the current pump price would remain for now with the expected high rate of travel during the festive period. Presently, petrol sells at N162/163 per litre in most major petrol stations with independent marketers selling at N165/litre. The Chief Executive Officer of […]

Petrol queues resurface in Abuja over fear of price hike, scarcity

Petrol queues resurface in Abuja over fear of price hike, scarcity

Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. The News Agency of Nigeria (NAN) reports that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on Sunday. A private car owner, Mr […]

FG has no plan to raise petrol pump price, says NMDRA

FG has no plan to raise petrol pump price, says NMDRA

By Obas Esiedesa, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA) on Friday disclosed that there is no imminent plan by the Federal Government to raise the pump price of premium motor spirit (petrol). The Chief Executive Officer of the Authority, Engr. Farouk Ahmed in a statement in Abuja cautioned oil marketers against […]

Petroleum marketers suspend strike, resume operations at Enugu NNPC depot

Petroleum marketers suspend strike, resume operations at Enugu NNPC depot

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has suspended its strike and directed its members at Enugu depot to resume supply of petroleum products. “As a result of the intervention of higher authorities in the unwarranted and unprovoked invasion of our secretariat at Enugu depot, the National Executive Committee (NEC) of IPMAN has called […]