Downstream

Black market fuel vendors tries to sell fuel to a motorist on Lagos-Ikorodu highway 17 June 2007. "The Nigerian Constitution provides a legal ground for petrol peddling to be a jail-worthy offence" Since the crisis started in July,…
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Fuel scarcity has worsened in recent weeks, with long queues forming at petrol stations nationwide The chairman of the Nigeria Union of Local Government Employees (NULGE) in Akure South local government, Ondo State, Oluwatuyi Olasoji,…
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The Yoruba Union (Igbinmọ Majekobaje Ilẹ-Yorub) has demanded the resignation of President Bola Tinubu in response to rising fuel prices and worsening hunger affecting the southwest region and Nigeria as a whole. The union has…
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Oil marketers are concerned about the delay in declaring the price of Premium Motor Spirit, also known as petrol, manufactured by the Dangote Petroleum Refinery, noting that the landing cost of imported PMS is presently around N1,120…
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Despite the recent hike in the price of Premium Motor Spirit (PMS), the Federal Government is still subsidising the product for local consumption, Dr. Thomas Ogungbangbe, the Chief Executive Officer (CEO) of CITA, has said. …
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For the first time this week, the Nigerian National Petroleum Company Limited (NNPC) confirmed that it was facing financial constraints in footing fuel imports. By that singular action, the company threw a beam of illumination and…
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President Bola Ahmed Tinubu has weighed in on the recent increase in the pump price of fuel in Nigeria. Recall that on Tuesday, price of Premium Motor Spirit, also called petrol, rose to N897 from about N600 per litre across fuel…
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The Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed international oil traders as a major factor in the ongoing fuel scarcity across the country. In a statement released on Sunday, NNPC…
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Motorists queuing at a filling station Photo: Stanley Ogidi How we get fuel from Nigerian smugglers – Niger petrol dealer Petrol hits N850/litre at depots, filling stations raise prices While many Nigerians are keeping vigil at…
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Many Nigerians on social media have lambasted Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Corporation (NNPC) Ltd, for embarking on Umrah in Saudi Arabia amid lingering fuel scarcity at home. …
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