Many filling stations were closed in Abuja and about five other states on Wednesday as the scarcity of Premium Motor Spirit, popularly called petrol caused heavy queues at the few outlets that dispensed the product. Thousands of commuters in the…
TIDE. The subsidy on Premium Motor Spirit (PMS), popularly called petrol, between January and March 2022 has risen to N675.93bn, according to the latest data obtained from the Nigerian National Petroleum Company (NNPC) Limited on Wednesday. Also, the NNPC has…
The Guardian. Center for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to expend the N4 trillion for fuel subsidy on productive sectors. Its Chief Executive Officer, Dr. Muda Yusuf, who gave the advice in an interview…
NAIRAMETRICS Tensions in Europe have pushed up energy prices, and Nigeria may be forced to deal with high food inflation and inflated prices for diesel and other unsubsidized energy imports for a while. Specifically, Russia is a significant supplier of…
THE GUARDIAN Almost a month after the scarcity of premium motor spirit threw the country into an energy crisis, indications emerged, yesterday, that the situation may go from bad to worse, as prices at the pump rose to over N300…
DAILY TRUST A sour Valentine it was for many Nigerians as the adulterated fuel-induced scarcity failed to consider even that special day. And the affliction is still biting harder. Vehicle owners and other users of the precious Premium Motor Spirit…
THE GUARDIAN Notwithstanding the blame game among industry players on the resurgence of fuel queues in some parts of the country, Nigerians may begin to experience some relief by weekend following claims by regulatory authorities that the adulterated petroleum products…
VANGUARD Despite ongoing efforts by the Federal Government to ensure continuous increase in Premium Motor Spirit, PMS, also known as petrol daily supply, Nigeria witnessed a slight declined in distribution of the product to 56 million litres per day in…
THE GUARDIAN A Niger Delta group under the aegis of the Ogoni Liberation Initiative has warned against further action on the proposed N385 fuel price hike, asking the proponents to immediately drop the proposal. The group said implementation of the…
THE GUARDIAN Worried about social resistance that might trail the removal of petrol subsidy, there are indications that the Federal Government will not tamper with the price of petrol anytime soon until tensions abate and food inflation tamed, The Guardian…