Fuel scarcity looms in Lagos as IPMAN fumes over Customs seizures
…Petroleum products imports drops at seaport Strong indication emerged weekend, showing serious chances of fuel scarcity within Lagos metropolis beginning from today depending on official responses. Trouble leading to the fears is linked to the position of the Independent Petroleum…
Fuel price hike looms as NNPC warns depots against selling above N133.28/litre
Nigeria is inching close to usual fuel scarcity as global crude oil prices begin a steady upward movement. However, the Nigerian National Petroleum Corporation (NNPC) has warned depot owners and their sister terminal operators not to sell Premium Motor Spirit…
Good news in SE as NNPC resumes fuel sales from Enugu, Aba depots Dec 1
Strong indications have emerged that the seasonal fuel scarcity that usually characterizes the entire South East during end of the year yuletide may not resurface this year. Reason; the Managing Director of the Petroleum Products Marketing Company (PPMC), a subsidiary…
Oil price zooms to $75 on Saudi’s desire for international price hike
Fuel scarcity may begin from next week in major cities if… Oil prices shut up to its highest since late 2014 as U.S. crude inventories declined after indications emerged that Saudi Arabia is seeking to push oil prices higher. However,…
Fuel scarcity can’t end so far NNPC remains sole importer, says TUC
Rising from its National Executive Council (NEC) meeting in Lagos, the Trade Union Congress of Nigeria (TUC) has told Nigerians that the Nigerian National Petroleum Corporation (NNPC) does not have what it takes to import petrol that can effectively saturate…
It is now clear that NNPC cannot resolve the endless fuel scarcity—NASS
Whereas experts and ordinary people on the streets in Nigeria have come to the conclusion that the multiple endless solutions to end fuel scarcity are not working, the House of Representatives has come up with its own solution. The House…
Fuel scarcity to remain until oil prices come down to $50 or less—Expert
Leading energy analyst, Engineer Abiodun Adewale has argued that so far the nation’s refineries are not yet delivering at full capacity so as to saturate the country with local products, importation of products when crude price is above a certain…
Fuel scarcity still frustrating Nigeria cities, businesses—BH Report
The fuel scarcity that roared its head since early December last year is still persisting in parts of the country even though the government and industry players are maintaining silence. This is the high point of the weekly report of…
Deplorable roads force PTD members to boycott Jebba-Mokwa axis, others
Members of the Petroleum Tankers Drivers (PTD), on Thursday issued a statement, threatening to avoid the use of Jebba- Mokwa and Tatabu Bridges in the distribution of petroleum products due to their deplorable states. The statement signed by the Media…
Fuel scarcity soars inter-state transport fares beyond reach—BH Intelligence
Random checks by Business Hilights Intelligence Unit (BHIU) in parts of Lagos, Abuja and Kano on the Luxury and other bus transport fare plying inter-state routes have shown neck-cutting hike in fares. Most hit are travelers facing eastern parts of…
