The Independent National Electoral Commission (INEC) has expressed fears that ongoing fuel scarcity may affect its logistics for the forthcoming elections. Its chairman, Prof. Mahmood Yakubu stated this, yesterday, at a consultative meeting with the National Union of Road Transport Workers (NURTW). He said challenges with logistics have remained a perennial problem in elections administration … [Read more…]
The Nigerian government on Friday said it has not approved any increase in the pump prices of petrol across the country. The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this in a statement issued by his senior adviser on media and communication, Horatius Egua. Mr Sylva spoke as Nigeria continue to queue for … [Read more…]
Some filling stations on Wednesday dispensed Premium Motor Spirit, popularly called petrol, at over N175/litre, higher than the government-approved N165/litre price, as oil marketers insisted to embark on strike from next week if the government fails to pay them (marketers). It was gathered that some outlets in Lagos that sold the commodity at N169/litre last … [Read more…]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has instructed its members not to sell Premium Motor Spirit (PMS), also known as petrol, for more than the approved pump price of N165 per litre. This comes as a reversal of its earlier directive to its members to sell petrol at N180/litre. Recall that the Lagos … [Read more…]
The Manufacturers Association of Nigeria (MAN), has called for Federal Government’s urgent intervention to support the production of goods, as cost of diesel hits N720 per litre. Mr Lanre Popoola, the Chairman, Manufacturers Association of Nigeria (MAN), Oyo, Osun, Ekiti and Ondo branches, stated this in Ibadan on Sunday, while speaking on the increase … [Read more…]
As the Federal Government makes effort to clear the long queues occasioned by petrol scarcity brought about as a result of supply of adulterated petrol, President Muhammadu Buhari has approved the sanctioning of those responsible . Last month, the government had said methanol, a substance that is usually present in petrol, found in the … [Read more…]
Domestic airlines are currently groaning under acute scarcity of aviation fuel, popularly called Jet A1, with only few operators getting supplies from marketers. This is just as the Chief Executive Officer of Cleanserve Energy, a major marketer of Jet A1, Mr Chris Ndulle, told Vanguard that the current price of crude oil in the … [Read more…]