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Oil marketers have stated that the amount of Premium Motor Spirit, commonly known as petrol, produced by the Dangote Petroleum Refinery is currently insufficient to meet domestic demand. Based on this, dealers are to import the commodity to augment the supply from the $20bn Lekki-based plant, the marketers stated on Tuesday. They aligned with the […]
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Since Monday, February 19, Premium Motor Spirit (PMS), popularly known as fuel or petrol began selling at N1000 per litre in some parts of the country. The high prices are said to be caused by black market dealers who hide under the guise of tanker drivers being on strike. Journalists inspecting the development observed on […]
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There are reports that private depots at the weekend crashed the price of Premium Motor Spirit (PMS) to N495 – N496 per litre from N502 to N503/litre. The development came amid rumour that the prices of petrol may soar in July owing to the recently devalued exchange rate. The Nigerian National Petroleum Company Limited (NNPCL) […]
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A Nigerian man has taken to his Instagram page to complain about the quantity of fuel he bought for N5000. This comes amid scarcity and increase in the prices of petroleum products across the country. Fuel scarcity surfaced across the country on Monday, May 29 after president Tinubu announced that the regime of fuel subsidy […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed members to suspend all operations across the country in spite of petrol scarcity. The directive is contained in a statement signed on Tuesday by Mohammed Kuluwu, Chairman, IPMAN. The marketers were also ordered to suspend payment of ordering products from source until further notice. The […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the renewed artificial scarcity of Premium Motor Spirit in Port Harcourt, Lagos, Abuja, and other states is caused by the ravaging flood in the country. The chairman of IPMAN in Rivers State, Mr. Joseph Obele, said there is actually no scarcity of the product, but […]
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Petrol scarcity is imminent considering the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)’s directive to its members to down tools. A letter dated 8th November 2020 and signed by the association’s General Secretary, Lumumba Okungbawa details reasons for the directive. The development has sparked fears of the scarcity of petrol in the […]
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Petrol scarcity appears imminent in the country as a result of attacks on petroleum tankers by protesters. The Independent Petroleum Marketers Association of Nigeria (IPMAN) also says operations were stalled across the depots by the #EndSARS Protesters. IPMAN Chairman in Rivers State, Dr Joseph Obele gave the update on a Rhythm 93.7FM radio program in […]
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