FUEL SCARCITY LOOMS AS NUPENG ISSUES 7-DAY STRIKE NOTICE

The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Wednesday, issued a seven-day strike notice to the Federal Government. NUPENG wants the President Muhammadu Buhari government to compel Chevron Nigeria Limited, CNL, to honour the agreement it reached with the union on June 20. It said that failing to comply, the union would direct its members to commence strike action. NUPENG made the demand in a statement signed by its President and General Secretary, Prince Williams Akporeha and Afolabi Olawale respectively. The union said, “NUPENG, with deep frustration…

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PETROL LANDING COSTS NOW 180 NAIRA PER LITRE- KACHIKWU

‘Attempt to remove subsidy must be well-managed’ ’Femi Asu The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on TuesdaY Kachikwu said the rise in global crude oil prices after the 2016 hike in petrol price brought back subsidy. Recalling the experience of 2016, when the government increased petrol price from N86.5 to N145 after months of severe scarcity, he described fuel subsidy as an emotive…

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QUEUES RESURFACE IN ABUJA, NNPC BLAMES PANIC BUYING

Chineme Okafor in Abuja and Kemi Olaitan in Ibadan Nigerians are again mulling the hardship they may encounter if the emerging fuel queues in Lagos, Abuja, Ibadan, and Port Harcourt extend to other cities. In Lagos, fuel queues resurfaced Thursday night and built up fast yesterday in some stations along Ikorodu Road and Awolowo Road in Ikoyi, causing traffic problems in the neighbourhoods. In Abuja, some petrol service stations, especially within Wuse 2, Central Business District (CBD) and Wuse Zone 4 were seen by THISDAY to have long queues of vehicles for petrol.…

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SUBSIDY IS FRAUD, NIGERIA PAYING FOR INEFFICIENCY SAYS NLC

THE  Nigeria Labour Congress (NLC) on Saturday described fuel subsidy as a huge fraud, saying that the government is merely paying for inefficiency if it claims to be paying the subsidy. Addressing a press conference at the Labour House, Abuja yesterday, NLC President, Comrade Ayuba Wabba, warned the government to be weary of the International Monetary Fund (IMF) and its advices; nothing that many media houses have been trying to amplify the IMF recommendation that subsidy should be removed. Comrade Wabba was addressing the media on the public declaration of…

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FIEL SCARCITY LOOMS AS MARKETERS RATION PETROL IN LAGOS OGUN

NNPC assures Nigerians of products supply at Easter Some marketers of Premium Motor Spirit (PMS), also known as petrol, in parts of Lagos and Ogun states yesterday began to ration the product for motorists as high landing cost takes toll on their businesses. New Telegraph had reported that the landing cost of petrol hit N205 per litre two days after depot owners hiked the ex-depot price from N133.28 per litre official price to N139 per litre. More privately owned filling stations, checks by this newspaper showed yesterday, have begun to…

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