The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit (PMS) in Nigeria. This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started selling the product in June. It was earlier reported …

Petrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business. Chaos reigned at few filling stations dispensing the product with black marketers hiking petrol price to N1,500 per litre from N1,000 per litre sold the previous day. Checks around the city showed that …

Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …

The Zamfara State Government has announced the ban on sales of loaves of bread and petroleum in jerry cans to motorists and motorcycle riders for security reasons. Briefing newsmen at the end of the state security council meeting, held recently at Government House, Gusau, Commissioner of Information and Culture, Mannir Muazu Haidara said the council’s resolution was taken as a …

There was heavy traffic gridlock in some parts of Lagos on Monday as motorists formed long queues outside the forecourts of filling stations on what appeared may herald a fresh scarcity of Premium Motor Spirit (PMS). Motorists faced an unusually heavy gridlock due to a long queue of motorists waiting to buy petrol at filling stations Additionally, the Total Filling …

Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have berated the Nigerian National Petroleum Company Limited (NNPCL) for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost. In an exclusive …

Residents of Maiduguri, the Borno State capital have commended the member representing Jere federal constituency at the House of Representatives, Hon Ahmed Satomi for selling 100,000 litres of fuel at the rate of N430 per litre as against N637 per litre in Maiduguri. The residents made the commendation yesterday during the dispensing of 100,000 litres of fuel by the lawmaker …

The Chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers State Chapter, Joseph Obele, has enjoined the Federal Government to ensure that the nation’s refineries are fixed as planned. He stated that the cost of Petroleum Motor Spirit (PMS), also known as petrol, would crash below N200 per litre should the refineries become functional. This is coming against the …

Super Eagles captain, Ahmed Musa, says he reduced the price of Premium Motor Spirit, otherwise known as petrol, at his fuel station MYCA7 in Kano to help alleviate the hardship on Nigerians occasioned by the hike in the price of the petroleum product. Musa announced the reduction from N620 to N580 per litre via his Twitter handle on Monday. Two …

Large consignments of Premium Motor Spirit (popularly called petrol or fuel), being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from …