FG to revoke licenses of oil marketer’s over fuel hoarding

FG to revoke licenses of oil marketer’s over fuel hoarding

Fuel shortages continued to plague Abuja, Niger, Nasarawa, Kaduna, and other states on Friday, as long queues for Premium Motor Spirit, known as petrol, remained a common sight. Amid growing frustration from motorists, the Federal Government has intensified its crackdown, warning oil marketers that those caught hoarding fuel could lose their operating licenses. On Friday,…

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NNPCL vows to clear fuel queue by May 1

NNPCL vows to clear fuel queue by May 1

The Nigerian National Petroleum Company Ltd. on Tuesday assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, May 1. This was disclosed by Mr Olufemi Soneye, Chief Communications Officer, NNPCL, to the News Agency of Nigeria (NAN) in Lagos. According to Soneye, the company currently has an availability of…

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Fuel price hikes as product scarcity is predicted to last for 2 weeks– Marketers

Fuel price hikes as product scarcity is predicted to last for 2 weeks– Marketers

Nigerians continue to purchase fuel at very high prices across the country despite Nigerian National Petroleum Company Limited’s (NNPC Ltd) assurance of product availability. The NNPCL told Nigerians in a statement issued on Thursday, April 25, 2024, that it had resolved the logistic issues causing fuel queues across the country. “The Nigerian National Petroleum Company…

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