Tag: Petrol scarcity
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Trucks stranded at depots as petrol scarcity worsens
Trucks stranded at depots as petrol scarcity worsens The ongoing petrol scarcity in the country is set to worsen as trucks remain stranded at depots, despite assurances from the Federal Government that the commodity would be massively available this weekend. According to sources, some Premium Motor Spirit (PMS) vessels have arrived at the Nigerian National Petroleum…
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Petrol scarcity hits critical point nationwide as imports slump
Petrol scarcity hits critical point nationwide as imports slump The lingering petrol scarcity crisis in Nigeria has reached a critical point, with marketers unable to replenish their rapidly depleting stock. As the shortage persists, amid the admission of $6billion debt to offshore product suppliers by NNPC Ltd, stakeholders are advocating for transformative measures to address the issue.…
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Petrol scarcity looms as transporters threaten to stop product lifting
Petrol scarcity looms as transporters threaten to stop product lifting The Nigerian Association of Road Transport Owners (NARTO) vowed on Thursday to stop lifting petroleum products beginning next Monday due to the high cost of operations. Chronicle NG reports that Nigeria may witness another round of petrol scarcity when NARTO ceases operations on Monday. NARTO…
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No Justification for current petrol scarcity – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that there was no justification for the current scarcity and price increase of Premium Motor Spirits (PMS) across the country. The PENGASSAN President, Mr Festus Osifo and its Secretary General,Mr Lumumba Okugbawa, in a statement on Monday, regretted the hardship that Nigerians…
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We have sufficient fuel, scarcity artificial, caused by smugglers – NMDPRA
There is sufficient petrol in the country with over 1.6 billion litres of January 26, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said. It stated this in a statement on Friday, adding that the authority would supply more volume of petrol for the months ahead to guarantee national energy security and nationwide…
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Bad fuel: Petrol scarcity persists in Abuja, Lagos, others, despite govt’s assurances
Sells at N400/litre at black-market •We’ve adequate supply —FG •NUPENG directs members to compile names of marketers hoarding PMS, increasing depot prices Despite the Federal Government’s promises that petrol scarcity would be over weekend, the scarcity of the product continued, yesterday in Abuja, Lagos, Oyo and Ogun states. Checks by Vanguard showed that there were long…