The Nigerian National Petroleum Corporation (NNPC) says it will take delivery of two cargoes of petrol per day for the rest of February to boost supply and eradicate queues.
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As the new year fast approaches, the Federal Road Safety Corps (FRSC) has warned motorists against carrying containers filled with petroleum products on distant journeys.
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The Nigerian National Petroleum Corporation (NNPC) has embarked on dispensing of hoarded petrol to motorists to end the current scarcity of the product across the federation.
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In a bid to end the ongoing fuel crisis, President of the Senate, Dr Bukola Saraki, on Thursday, directed the Senate Committee on Petroleum Resources (Downstream) to cut short its recess and immediately convene a meeting with industry stakeholders.
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Against the latest round of fuel scarcity rocking many parts of the country, private oil marketers are calling for government intervention to enable them to access foreign exchange at a special rate for the importation of Premium Motor Spirit (petrol).
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Motorists in Lagos on Thursday lauded the Department of Petroleum Resources (DPR) for its intervention by compelling petrol dealers hoarding the product to dispense to motorists.
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Nigeria Union of Petroleum and Natural Gas Workers has expressed worry that the gridlock being experienced by petroleum tankers and articulated vehicles on Apapa-Wharf Road may result to fuel scarcity.
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The petrol scarcity rocking Ekiti State has reached a crisis state as black marketers have hijacked the process and now engage in open hawking of the product.
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A coalition of youths in Ekiti has threatened mass action against petroleum marketers in the state for cutting off the fuel supply to residents.
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The current spike in the exchange rate of the dollar to the naira may be taking its toll on the country’s foreign-exchange-dependent aviation sector as airline operators seek to increase their fares by 45 per cent. The dollar exchange rate, which currently stands at N350, according to the airline operators, has further pushed the cost of running the business beyond […]
Continue reading »As the scarcity of kerosene continues to hit many households in the country, some fuel marketers are mixing the product with black oil to get Automotive Gas Oil, popularly known as diesel, our correspondent has learnt. Sources said the rise in the price of diesel was responsible for the development, which, according to them, has been on for some time […]
Continue reading »Aside the inconveniences experienced by air passengers on account of delayed or canceled flights since the week began, airline operators are counting their loses as the fuel scarcity continue to bite harder grounding at least two in every three flight operations nationwide. The airlines that have been struggling to remain in business due to economic crunch are now in dire […]
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