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Task Force Warns Osun Fuel Marketers Against Hoarding
By Mojisola Oladele The Osun State Government Taskforce on Petroleum Price Monitoring has cautioned owners of petrol stations across the state against hoarding petroleum products to create artificial scarcity. A statement by the Chairman of the Taskforce and the Chief of Staff to the State Governor, Mr. Kazeem Akinleye, noted that its surveillance across the…
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Disregard alarm about increase in pump price of petrol – IPMAN
By Uche Ndeke The Independent Petroleum Marketers Association of Nigeria, IPMAN, has advised members of the public to disregard the alarm and speculations about an increase in the pump price of Premium Motor Spirit otherwise known as fuel. Chairman of IPMAN, Enugu Depot, Mr Chinedu Anyaso made the call in an interview with Radio Nigeria…
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Kenyans Groan over Astronomic Rise in Fuel Prices
The highest fuel prices in recent memory have been announced by Kenya’s regulator, to the fury of many in the country. Overnight the cost of petrol rose to a record high of about 212 shillings ($1.40; £1.20) per litre in the capital Nairobi – with the prices of different types of fuel rising by about…
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Security Agencies Wade into Fuel, Naira Crises
By Rasheedah Makinde As part of efforts to reduce challenges posed by the scarcity of fuel and new naira notes, the police in Oyo State have met with some stakeholders to find a lasting solution to the menace. The security summit held at police headquarters, Eleyele comprises representatives of all security agencies, CBN officers, IPMAN…
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Govt. Warns Against Fuel Hoarding
By Funmi Adekoya Osun State Government has warned against the diversion of Petrol, PMS, by some Oil marketers, warning that anyone caught to be hoarding fuel allocated to the state will face the wrath of the law. The Chairman of the Petroleum Monitoring Committee of the state, Mr Kazeem Akinleye in a statement by Governor’s…
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2023 Elections; Naira Notes & Fuel Palava
By Olaitan Oye-Adeitan It’s less than three weeks to the general elections in Nigeria with the presidential and national assembly elections coming up on the 25th of February, 2023. However, as the day approaches, Nigerians are still in the daily struggle to recover their purchasing and have easy access to fuel. Despite the fact that…
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Protest: ATMs Deserted as Customers Flee for Safety
By Olaitan Oye-Adeitan The long queues of customers who had waited endlessly at the ATM points for new naira notes had vanished following the protest that rocked some parts of Ibadan, Oyo State on Friday over lingering fuel and naira scarcity. Customers had daily waited at the ATM points hoping to withdraw money but to…
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Makinde Suspends Campaign Over Fuel, Naira Crisis
By Oluwakayode Banjo The Oyo State governor, Engr Seyi Makinde, has announced the suspension of his campaign activities over the unending fuel and new naira-note crisis. Governor Seyi Makinde, whose campaign trail has visited some parts of Oyo State, said this during the Flag-off of the Omi-Adio-Ido Road on Friday. The Governor said the suspension…
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Raging Anger As Nigerians Protest Non-Availability of Fuel & Naira
By Olaitan Oye-Adeitan Nigerians are beginning to lose patience over their continued struggle at the filling stations and Automated Teller Machines, ATM with no availability of either fuel or the new naira notes. Some aggrieved people who stormed the premises of Radio Nigeria Ibadan on Wednesday expressed bitterness that they could not get physical cash…
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Different Strokes for Different Folks
By Olaitan Oye- Adeitan Nigerians appear to be biting more than they can chew now with the myriad of challenges daily being encountered. Is it the lingering fuel crisis or the difficulty in accessing the new naira notes or collection of PVC? Many people never envisaged that the fuel crisis which resurfaced in November, last…
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Man Dies While Queuing to Purchase Fuel
A man presumed to be in his 50s has been feared dead while queuing to buy petrol at a filling station in Oluyole Estate. The man, whose identity is unknown, suspected to be an Alhaji was sitting on his steering with one leg on the pedal and the other on the ground with his door…
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Queue Easing as Fuel Situation Improves in Ibadan
Long queues that resurfaced on Wednesday at filling stations in the Ibadan metropolis are fast disappearing. Radio Nigeria correspondents who monitored the situation reported that a few vehicles were seen queuing up to buy petrol at stations dispensing the product A motorcyclist and a motorist, Mr Rasak Ayinla and Mr Yon Yon who relayed their…
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Why FG cannot remove fuel subsidy now – Lai Mohammed
The Minister of Information and Culture, Lai Mohammed, has said that Federal Government will not remove the fuel subsidies at the moment. Mr Lai, who stated this on Monday in an exclusive interview with Reuters, said it is wrong to remove the subsidy at this time, as many other nations were introducing measures to help…
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Ogun Assembly Calls For Constitution Of Task Force To Check Hoarding Of Fuel
Ogun State House of Assembly has appealed to the State government to immediately constitute a special task force to checkmate artificial scarcity of petroleum products to reduce incessant queues at fuel stations. Speaker of the House ,Mr Olakunle Oluomo made the plea during the plenary at the Assembly Complex, Oke-Mosan, Abeokuta. Mr.Oluomo noted that the…
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Fuel Crisis: Queues Disappear as Filling Stations Sell Above Pump Price
Motorists in Oyo town are gradually heaving a sigh of relief as more filling stations have petrol to sell, although not at the government-regulated price. As a result, the long queue which characterized fuel sales in the ancient town up till last weekend has disappeared, except at four popular filling stations selling the product for…
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Fuel Scarcity: DPR To Sanction Marketers Hoarding Products
The Department of Petroleum Resources (DPR) says it will sanction marketers engaged in the hoarding of petroleum products in their outlets. Director-General of DPR, Mr. Sarki Auwalu gave the warning in a statement issued on Tuesday in Lagos. Auwalu said the warning was necessitated by the emergence of queues in retail outlets in some states…
