Marketers urges NNPC to increase fuel supply to members to alleviate petrol scarcity and high prices, citing long queues at gas stations as a direct consequence of insufficient supply. Eko Hot Blog reports that the Independent Marketers Association of Nigeria (IPMAN) has initiated a fresh move to reduce petrol prices and alleviate long queues at … Read more
Independent Marketers Hike Petrol Prices Wide Price Gap Between Major and Independent Sellers Supply Breakdown at NNPC Blamed for Price Surge Eko Hot Blog reports that despite an improvement in fuel supply, independent marketers have shockingly increased petrol prices nationwide. In contrast, major marketers have maintained relatively stable prices, creating a significant price disparity. Editor’s … Read more
Tinubu’s decision to end fuel subsidy in May 2023 caused immediate nationwide Prices of Petrol increase. NBS reports a staggering 157% rise in average fuel retail price from February 2023 to February 2024. Zamfara tops the list with the highest average petrol price at N750.43 per litre, while Kwara Senjoys the lowest at N650 per … Read more
EKO HOT BLOG reports that fuel marketers have called on the Federal Government to provide transparency regarding its stance on fuel subsidy. They assert that the government has quietly resumed subsidizing Premium Motor Spirit (PMS), commonly known as petrol. They claim that this discreet return to fuel subsidy has prevented the price of petrol … Read more
The House of Representatives urges Tinubu to implement urgent palliative measures for Nigerians affected by fuel subsidy removal. Skyrocketing petrol prices and increased costs of goods and services have caused widespread hardship. Committees are assigned to ensure compliance and address gully erosion on a critical road. EKO HOT BLOG reports that the House of Representatives … Read more
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Sunday announced that the price of petrol has now been fully deregulated and that the agency will no longer fix prices for Nigeria’s mainstay commodity. PPRA Executive Secretary Saidu Abdulkadir, who announced the development, said the agency would every month, develop a guiding price for the commodity, … Read more