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 […]

Arik Air cuts flights over aviation fuel scarcity

Scarcity of aviation fuel , otherwise known as Jet A – 1, is taking a huge toll on domestic flight operations, forcing major carrier Arik Air to reduce flights. Flight reduction, the airline said is an intervention measure taken to cope with the situation . The airline’s spokesman, Mr. Adebanji Ola said in a statement […]

Marketers threaten to name fuel saboteurs

The Association of Mega Filling Station Owners of Nigeria (AMFSON) has threatened to give the names of government officials sabotaging fuel supply to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. They are, however, afraid that if they do so, heads will roll in the industry. Addressing a press conference yesterday over the […]

No More Petrol Queues From Monday – Kachikwu

Dr Ibe Kachikwu, Nigeria’s Minister of State for Petroleum Resources, and Group Managing Director (GMD) of the NNPC has given assurances that the long queues at various petrol stations nation-wide will ease off from Monday (today). He made this statement on Saturday, during an assessment tour of some petrol stations in Abuja. ”We have enough […]

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 […]

Average price of fuel in July was N107 – NBS

Nigerians paid an average of N107.41 per litre of Premium Motor Spirit (petrol) across the 36 states of Nigeria in July, the National Bureau of Statistics (NBS) has said. The bureau said, in its latest report, Nigerians paid N20.41 more than government approved pump price of N87 per litre for the product. The report released […]

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