Customs Nab Suspect, Intercepts 20,600 Litres Of Petrol In Kebbi

Customs

Customs Nab Suspect, Intercepts 20,600 Litres Of Petrol In Kebbi   EKO HOT BLOG reports that the Kebbi Area command of the Nigeria Customs Service said it arrested one suspect, intercepted 824 jerrycans of Premium Motor Spirit equivalent to 20,600 liters and other contrabands worth, N61m in August.   A statement by the command Public … Read more

JUST IN: NLC Petitions Buhari, Demands Immediate Investigation Of State Govs

NLC has demanded probe of state governors by the Economic and Financial Crimes Commission, EFCC   EKO HOT BLOG reports that Nigeria Labour Congress, NLC, has petitioned President Muhammad Buhari, seeking an immediate investigation of state governors by the Economic and Financial Crimes Commission, EFCC, and the Independent Corrupt Practices and Related Commission, ICPC, over alleged … Read more

Resign And Lead By Example, NLC Tells Governors Over 50 Years

NLC have asked Governors over 50 years to lead by example and resign   EKO HOT BLOG reports that the Nigerian Labour Congress (NLC) on Friday criticized the recommendations made to the Federal Government (FG) by the Nigerian Governors Forum regarding how to prevent the nation’s economic collapse. EDITOR’S PICK Petrol Subsidy Is Criminal, Must … Read more

Buhari Govt Finally Speaks On Increasing Fuel Price (Details)

Petrol Prices Depots Adjust Rates

Buhari Government Has Spoken On Increasing fuel Price EKO HOT BLOG reports that the Muhammadu Buhari-led government has again denied that it increased the pump price of Premium Motor Spirit, popularly called petrol, above the regulated cost of N165/litre. Minister of State for Petroleum Resources, Timipre Sylva, disclosed this on Monday at an event organised … Read more

Scarcity: Marketers Plan Strike As Fuel Sells 175/litre, Queues Worsen

Marketers Plan Strike
  • Marketers Plan Strike As Fuel Sells 175/litre, Queues Worsen

  • Some outlets in Lagos that sold the commodity at N169/litre last week had to adjust their pumps on Wednesday, as they dispensed PMS to motorists at N175/litre

EDITOR’S PICK: 

EKO HOT BLOG reports that some filling stations on Wednesday dispensed Premium Motor Spirit, popularly called petrol, at over N175/litre, higher than the government-approved N165/litre price, as oil marketers insisted to embark on strike from next week if the government fails to pay them (marketers).

It was gathered that some outlets in Lagos that sold the commodity at N169/litre last week had to adjust their pumps on Wednesday, as they dispensed PMS to motorists at N175/litre.

Also, queues by motorists at filling stations, which had persisted in Abuja and environs since February this year, gradually resurfaced in parts of Lagos on Wednesday.

It was observed that many filling stations, particularly those belonging to members of the Independent Petroleum Marketers Association of Nigeria, were shut due to a lack of products to sell to customers.

Gegu Oil, Eterna and Oando filling stations at the Dutse end of the Kubwa-Zuba Expressway in Abuja, for instance, had remained shut for days for lack of products to sell, despite the heavy queues of motorists in a nearby NNPC retail outlet.

Amidst these concerns, oil marketers under the aegis of Abuja-Suleja IPMAN, stated on Wednesday that their proposed strike would go ahead next week if the government fails to substantially clear the bridging claims for transportation of petrol being owed marketers.

Last week, oil marketers warned that Nigeria could witness “the mother of all queues” soon if the Federal Government fails to pay the 12 months bridging claims being owed operators in the downstream oil sector.

They had also denied being paid N74bn by the Federal Government as bridging claims for the transportation of petroleum products.

The Federal Government through its Nigeria Midstream and Downstream Petroleum Regulatory Authority had said last week that it paid N74bn as bridging claims to oil marketers for the transportation of petroleum products across the country in seven months.

But the Secretary, Abuja-Suleja IPMAN, Mohammed Shuaibu, whose unit covers Abuja, Kogi, Niger and parts of Nasarawa and Kaduna, told a correspondent from Punch Newspapers on Wednesday that though some members had confirmed the receipt of payments, a host of others had yet to receive theirs.

“Few of our members have confirmed receiving alerts, but the majority have not been paid and so the decision to embark on the mother of all strike still stands, except we get our payments,” he stated.

Shuaibu added, “Many independent marketers are closing shop and because of these debts. We cannot continue to fold our hands. We are sorry about the hardship, but the government has to pay us, otherwise we will withdraw our services.”

FURTHER READING: 

Reacting to the concerns, the spokesperson, NMDPRA, Kimchi Apollo said that the petrol price had not changed from the approved N165/litre price, as he also stated that efforts were on to settle to bridging claims being owed the marketers.

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Why Introducing Subsidy On Diesel Is Unlikely – NNPC

Diesel

Kyari stated that the government cannot afford the payment of subsidies on diesel The lawmakers had summoned stakeholders in the oil and gas sector, including NNPC and NMDPRA to an investigative hearing EDITOR’S PICK Ohanaeze Reveals Why Nnamdi Kanu Was Denied Bail Drama As PDP Gives Ex-President Obasanjo 48hrs To Clarify Atiku’s ‘Regret’ Remarks  Tinubu … Read more

Fuel Scarcity: 5 Ways Motorists Can Spot Adulterated Fuel In Black Market

Adulterated fuel

Nigerians are again enduring the anguish of scarcity of petroleum products, especially the Premium Motor Spirit (PMS) popularly known as petrol which is most commonly used by motorists as well as business owners, and consequently the infiltration of adulterated fuel in the black Market. Unending queues have formed at filling stations across the nation over … Read more

Fuel Scarcity: ‘We’ll Not Lift PMS For Depot Owners Selling Above N148.77’ – NUPENG

NUPENG

NUPENG says it will not lift PMS for depot owners selling above the official price Nobody has given official statements that PMS is no longer under subsidy regime and in that wise, the general public cannot be buying products at N250, N220, N180, from the depot EKO HOT BLOG reports that the Nigeria Union of … Read more

(BREAKING) Fuel Scarcity: NNPC Reveals Plans To Restore Normalcy By Month End

NNPC GMD

NNPC GMD, Mr. Mele Kyari has revealed that all hands are on deck to ensure that normalcy is restored and the agency normalized the present situation of fuel scarcity hitting the country.  EKO HOT BLOG reports that the Group Managing Director, GMD of the Nigerian National Petroleum Corporation NNPC, Mr. Mele Kyari has said that … Read more

Fuel Supply Improves In Ikeja, Abule-Egba, Others – Report

Fuel Supply Improves

News Agency of Nigeria said fuel supply improves in some retail outlets it monitored on Friday in the state were opened and dispensing fuel. EKO HOT BLOG reports that the availability of Premium Motor Spirit (PMS), also known as petrol, is improving in Lagos State, after days of scarcity of the product. Some petroleum products … Read more

Another Fuel Scarcity Looms As Petrol Transporters Suspend Operation

Petrol Transporters

Another fuel scarcity looms as Petrol transporters gradually halt operations over low freight rates EKO HOT BLOG reports that transporters of Premium Motor Spirit (PMS), also known as petrol, on Thursday, said that the statewide scarcity of PMS was partly attributable to truck owners’ gradual suspension in operations. They said many PMS transporters have ceased … Read more

BREAKING: Reps Urge NNPC To Suspend Companies That Imported Adulterated Fuel

Reps Urges NNPC

The House of Reps has mandated NNPC to immediately suspend Companies that Import adulterated fuel into the country. EKO HOT BLOG reports that Members of the House of Representatives have called on the Nigerian National Petroleum Company (NNPC) Limited to suspend the four companies which recently imported contaminated fuel into the country. The lawmakers also … Read more

BREAKING: NNPC Names Suppliers Of Bad Petrol

nnpc

NNPC has revealed names of companies Supplying bad petrol in the country. EKO HOT BLOG reports that the Nigerian National Petroleum Company (NNPC) Limited has uncovered the identity of companies responsible for importing bad petrol into the country which has led to an acute shortage of the product across the country. Read Also: Adulterated Fuel: Ownership … Read more

Fuel Scarcity: Filling Stations Shut As Queues Persist In Lagos, Abuja, Others

Filling Stations

Filling stations shut as queues persist In Lagos, Abuja and other neighbouring states over looming fuel scarcity EKO HOT BLOG reports that many filling stations witnessed long queues as others were shut on Monday, which led to motorists spending long hours in the few outlets that dispensed Premium Motor Spirit, popularly called petrol, in some … Read more

Fuel Scarcity Hits Some Parts of Lagos as Anxiety and Confusion Mounts

Fuel Scarcity

Fuel Scarcity Hits Some Parts of Lagos as Anxiety and Confusion Mounts EKO HOT BLOG reports that fuel scarcity appears to have hit some parts of Lagos as long queues are showing up at filling stations in the state, especially the island axis. There were unusual long queues of vehicles at various filling stations in … Read more

FG Announces Postponement Of Fuel Subsidy Removal By 18 Months

Fuel Scarcity

…the government has concluded plans to approach the National Assembly to amend the Petroleum Industry Act (PIA) EKO HOT BLOG reports that the Federal Government is proposing to extend the period for the implementation of the removal of fuel subsidy by 18 months. The Minister of State for Petroleum Resources, Timipre Sylva, announced this on … Read more