Petrol

Petrol scarcity hit different parts of Nigeria on Tuesday, forcing motorists to spend hours at filling stations while battling to get the product. Black marketers had a field day, selling a litre of fuel at N300-N400 in many parts of the…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has appealed to Nigerians not to engage in panic-buying of premium motor spirit, popularly known as petrol, saying it has enough in stock. The Chief Executive Officer,…

The Federal Operations Unit, Zone A, of the Nigeria Customs Service said that suspected smugglers shot severally at officers of the service in an attempt to smuggle 81,425 liters of Petroleum Motor Spirit at Badagry area of Lagos State in…

Without federal government’s subsidy on premium motor spirit (PMS), the pump price of the fuel who have been costing consumers N462 per litre, the Nigerian National Petroleum Company Limited (NNPCL) has said. In a statement issued on…

The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on Thursday, grilled the Minister of Finance, Budget and National Planning, Zainab Ahmed, over payments of subsidy on…

Peter Obi, the standard bearer of the Labour Party (LP) in the 2023 general election, has advocated the need to end the “criminality that is called oil subsidy” in Nigeria. Mr Obi, who spoke on Thursday at an event in Abuja, lamented…

Residents of Awka and other parts of Anambra have accused filling stations of under-dispensing fuel at the pump. In separate interviews in Awka on Thursday, Motorists said they were worried about the accuracy of metres used by the…

Despite repeated denial by the federal government, many marketers have adjusted pump price of petrol to N185 per litre, a survey by Peoples Gazette in Abuja and Lagos on Wednesday shows. This is as the Major Oil Marketers Association of…

Motorists and commuters in Lagos and Ogun states on Tuesday again, lamented the biting consequences of the lingering fuel scarcity as the situation remained unchanged from the trends experienced over the past two weeks. Checks by our…

Global oil alliance OPEC+ on Thursday said it would increase daily output by 648,000 barrels in August. The increment is deemed inadequate to counter rising oil prices but it means OPEC+ is sticking to a plan of moderate increase despite…