Fuel marketers have provided an explanation for the delay in the reduction of petrol prices in Nigeria, despite official announcements by both Dangote Petroleum Refinery and the Nigerian National Petroleum Company (NNPC). In a move aimed at easing the burden on Nigerians ahead of the holiday season, Dangote Petroleum Refinery had announced a price reduction … Read more
A new per-litre price of Premium Motor Spirit (PMS), commonly known as petrol, has been introduced across Nigerian National Petroleum Company Limited (NNPCL) retail outlets in the Federal Capital Territory (FCT), Abuja. EKO HOT BLOG reports that Journalists observed that the price of petrol had dropped from ₦1,060 to ₦1,040 per litre, reflecting a ₦20 … Read more
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has announced that seized petrol in Adamawa State will be auctioned at ₦630 per litre. This decision was disclosed during a press conference on Wednesday, October 9, 2024, in Yola, the capital of Adamawa State. Represented by the Deputy Comptroller-General of Customs, Aliyu Alajogun, Adeniyi … Read more
Lagos govt warns fuel stations against causing traffic gridlock Cautions against obstructing free flow of traffic Threatens to sanction violators for non-compliance Eko Hot Blog reports that an appeal has gone to fuel stations to ensure vehicle queues don’t obstruct traffic flow. The Transport Ministry expressed concern over traffic disruption caused by patrons at fuel … Read more
The Nigerian government has removed the subsidy on petrol, leading to a sharp hike in pump prices and commercial transport fares. Petrol stations have closed, causing long queues across the country. Some stakeholders believe that the subsidy removal is a welcome development, while others think it could punish already impoverished Nigerians. EKO HOT BLOG reports … Read more
Reps have asked the DSS and Police to clamp down on fuel stations selling above the regulated price. EKO HOT BLOG reports that the House of Representatives has asked the Nigerian Midstream and Downstream Petroleum Regulatory Authority to collaborate with Nigerian Police Force and DSS to clamp down on petroleum retailers that are selling above … Read more
NSCDC Clamps Down on Fuel Stations Hoarding Product Eko Hot Blog reports that the Nigerian Security and Civil Defence Corps ( NSCDC) in Edo, on Saturday, clamped down on fuel stations hoarding fuel and those selling above the approved pump price of N165. Reports have it that the exercise took the corps round fuel stations … Read more