Fuel Scarcity Archives - Page 2 of 3

Jun

02

2023

Fuel subsidy: NLC declares nationwide strike

Economy, MetroFuel Scarcity, Metro, Nigeria, NLC, Politics

The Nigeria Labour Congress, NLC, on Friday, declared a nationwide strike from Wednesday next week. The union disclosed this during its National Executive Council, NEC, meeting held in the Federal Capital Territory, Abuja. According to Channels TV, the meeting was not unconnected to the fuel subsidy removal by President Bola Tinubu and the subsequent hike in the pump price of petrol. The NEC comprises all Presidents, General Secretaries, Treasurers of all NLC’s affiliate unions; State Chairpersons and Secretaries of the NLC State Councils, Chairperson of the NLC Youth Committee and members of the National Administrative Council (NAC).

May

31

2023

By Amos Oge Kalu

NNPCL increases official fuel pump price to N537 per litre

Business, Economy, Opinion, Politics2023, Economy, Fuel Scarcity, Metro, Nigeria, Opinion, Politics

The Nigerian National Petroleum Company Limited (NNPCL) has jerked up pump prices of petrol, also known as Premium Motor Spirit (PMS) from N195 per litre to 537 per litre. According to a new price template disclosed by NNPLC on Wednesday, Lagos State has the least price of N488 per litre, while Maiduguri and Damaturu have the highest pump prices of N577 per litre. DAILY POST gathered on Wednesday that most filling stations in the nation’s capital, Abuja, had adjusted to the new pump price. Similarly, pump prices had been adjusted across States. For instance, in Benue State, the fuel price…

May

31

2023

By Amos Oge Kalu

Fayose reacts as Tinubu removes fuel subsidy, says its best, wisest decision

Economy, Opinion, PoliticsAyo Fayose, Bola Ahmed Tinubu, Fuel Scarcity, Metro, Nigeria, Opinion, Petroleum Industry Bill, Politics

Ayodele Fayose, a chieftain of the Peoples Democratic Party, PDP, on Wednesday, reacted to the removal of the fuel subsidy regime by President Bola Ahmed Tinubu. Tinubu had, during his inaugural speech on Monday, said the subsidy is no longer sustainable in Nigeria, stressing that it is gone. Reacting to the development, Fayose, in a series of tweets via his Twitter handle on Wednesday, said that Tinubu has taken the best and wisest decision for the collective good of Nigeria and its people. Fayose tweeted, “On this removal of fuel subsidy, I am convinced that President Tinubu has taken the…

May

29

2023

By Amos Oge Kalu

President Tinubu suspends fuel subsidy regime

Economy, Politics2023, Bola Ahmed Tinubu, Economy, Fuel Scarcity

Newly sworn-in President, Bola Ahmed Tinubu has abolished fuel subsidy in Nigeria, saying it is no longer sustainable. He gave the directive at the Eagle Square Abuja while delivering his maiden address to Nigerians. “On fuel subsidy, the budget I met before I assumed office and what I heard is that there is no provision for subsidy. “Fuel subsidy is gone,” he simply stated. Details later…

Dec

22

2022

By Amos Oge Kalu

Fuel scarcity: Depots dry up, Nigerians face bleak Christmas

Business, Economy, Lifestyle, MetroDeeper Life, Economy, Fuel Scarcity, Lifestyle, Metro, Nigeria

By Okechukwu Nnodim, OpeOluwani Akintayo, Toni Ufoh, Naomi Chima, Dayo Oyewo and Mohammed Farida The queues for Premium Motor Spirit, popularly called petrol, which was gradually abating recently, suddenly re-emerged on Wednesday in many cities, including Lagos and Abuja. The development clearly shows that Nigerians face bleak Christmas as fuel scarcity has started taking a toll on motorists, who have hiked their fares. It was gathered that many depots were currently running out of the product, a development that reduced supplies from depots to retail stations across the country. In Abuja, many filling stations, particularly those of independent oil marketers,…