Nigerians are bracing for a steep increase in petrol prices following the Nigerian National Petroleum Company Limited’s (NNPC Ltd) decision to end its exclusive purchase agreement with Dangote Refinery, according to a report by Premium Times. The shift is expected to drive the cost of petrol to a minimum of ₦991.21 per litre from the … Read more
The prices of Premium Motor Spirit (petrol) ranged between N897 and N980 per litre at major filling stations in the Federal Capital Territory, Abuja, as of Monday morning. An EKO HOT BLOG correspondent visited several major filling stations, including those operated by Independent Petroleum Marketers and NNPCL, revealing that pump prices per litre ranged from … Read more
Eko Hot Blog reports that the Osun State Government says it will seal off filling stations hoarding petrol in the state. EDITOR’S PICKS From Interim Gov To Arrest: Hit And Miss Prophecies On Tinubu’s Inauguration Tenure Over: Buhari Leaves Abuja, Heads For Daura Inauguration Speech: Tinubu Unveils Economic Agenda To Propel Nigeria’s Prosperity, Job Growth … Read more
Indications have emerged of a looming fuel scarcity with Petroleum Tanker Drivers ordering immediate stoppage of distribution of petroleum products from Lagos to the Northern part of the country till further notice. The PTD in a statement on Wednesday by its national chairman, Otunba Salimon Oladiti, explained that the action became necessary following the shut … Read more
Several happenings and decisions in Nigeria have birthed diverse reactions of either appreciation from her people or annoyance. With leaders of different tenures, the country has experienced unexpected decisions such as an increase in tax, transportation, bank charges, amongst others. While Nigerians welcome some of these, they stand against others, stating that the government is … Read more
Borno State Police Command has said it will not permit any form of protest within the state, following the several protests in diverse state over the increase in fuel hike and electricity tariff. DSP Edet Okon, the command spokesman, gave the warning in a statement on Tuesday in Maiduguri. Okon said that available information indicated … Read more
Federal Government of Nigeria said its no more going to be releasing guiding price bands for the sale of petrol at filling stations. It disclosed this in Abuja through the Petroleum Products Pricing Regulatory Agency, adding that based on this, the downstream arm of the oil and gas sector had been fully deregulated. Responding to … Read more
Association of filling station owners in Rivers State have vowed to ignore the planned strike of the organised labour which will commence on Tuesday. Chairman, Petroleum Products Retail Outlets Owners Association of Nigeria, Francis Dimkpa, who said this in Port Harcourt on Monday following stakeholders’ meeting added that all filling stations in the state should … Read more