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 …

Nigerians who have been paying – sometimes double the N165-per-litre official price – for Petroleum Motor Spirits (PMS) and sleeping at fuel stations should blame private depot owners for their nightmare. According to the Independent Petroleum Marketers Association of Nigeria (IPMAN), some of the private depot owners had not reduced their ex-depot price for PMS, popularly known as “petrol”. IPMAN’s …