Diesel scarcity looms as marketers hike pump price

Nigeria Consumer News

There are indications that there may be scarcity of diesel in some part of the country despite the assurances by the Nigerian National Petroleum Corporation (NNPC) that it has enough of the product as the yuletide approaches. According to findings by National Daily, in the last two weeks, there had been serial scarcity of Diesel […]

Fuel scarcity will end once NASS approves N413bn subsidy – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it is optimistic there will no longer be queues within a week, once the National Assembly approves the N413 billion subsidy payments to oil marketers. Spokesman for the Corporation Mr. Ohi Alegbe made the disclosure in an interview with Raypower Radio. Fuel queues at filling stations […]

Fuel price soars by 50% at depots as scarcity bites

Price of Premium Motor Spirit (PMS), or petrol soared by about 50 per cent at  retail outlets  following the hike in price of the product at the depots, it was learnt. A daily industry price survey conducted by marketers at depots in Apapa, Lagos, revealed that yesterday’s average price per litre of PMS was N112 […]

Fuel scarcity: DPR to slam N2m fine on erring marketers

The Director of Department of Petroleum Resources (DPR), Mr Mordecai Ladan has warned depots  and filling stations owners against products diversion, hoarding, pump manipulation and selling above government approved prices. Mr Ladan gave the warning in Abuja against the backdrop of the resurgence of fuel scarcity in some parts of the country. States including Kano, […]

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