NNPC RAISES ALARM AS PETROL QUEUES RESURFACE IN ABUJA

Okechukwu Nnodim, Abuja Petrol queues surfaced in parts of Abuja on Monday evening and intensified on Tuesday morning. But the Nigerian National Petroleum Corporation tweeted on Tuesday morning that it had enough product that would last the country for about 60 days, adding that there was no need for panic buying. The PUNCH had reported that the vandalism of petrol trucks by angry protesters forced oil marketers to temporarily suspend the movement of petroleum products, a development which warranted disruptions in supply. Reacting to the queues that surfaced in Abuja and…

Read More

PETROL SCARCITY LOOMS IN NIGERIA, IPMAN RAISES ALARM

 Felix Onajite There is panic over likely petrol scarcity in Nigeria as members of the Independent Petroleum Marketers Association (IPMAN) on Monday raised the alarm over the inability of the Depot and Petroleum Products Marketing Association (DAPPMA) to secure the Federal Government’s approval for selling the Premium Motor Spirit (PMS) petrol at N125 per litre. The Federal Government on Wednesday, last week reduced the pump price of the product from N145 to N125 per litre. But the IPMAN National Vice President, Alhaji Abubakar Maigandi, who spoke with The Nation on the phone yesterday, said…

Read More