Downstream

The undersupply of Premium Motor Spirit, PMS, also known as petrol in Abuja continued on Wednesday, leading to over 100 per cent hike in transport fares, scores of motorists stranded and an abrupt shut down of small scale business in…
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Most major marketers are shifting their supply of the premium motor spirit, widely known as petrol, to the South-East and other regions selling above the N165 per litre price band to recoup their gains, the ICIR findings have shown. …
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•Says fuel scarcity may linger unless FG pays N500bn claims •We have 2.8bn litters stock of PMS — NNPC Amidst lingering queues at filling stations in some locations in Abuja yesterday, there are indications that a major fuel…
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The Federal Capital Territory (FCT), Abuja and its environs relapsed into acute fuel shortage on Tuesday with the resurface scarcity of Premium Motor Spirit (PMS) noticeable on Sunday evening. As of Tuesday, the situation had…
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The fuel queues which were noticed at the weekend in Abuja grew longer yesterday, with the attendant traffic snarls slowing down commercial and social activities in the country's capital. Many roads within the city were blocked as…
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Queues for petrol have resurfaced in the federal capital territory (FCT) causing anxiety and hardship for residents trying to get the product. It is not clear why the petrol queues are back in the nation’s capital. TheCable…
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Governor Wike Rivers State Governor and Presidential aspirant, Nyesom Ezenwo Wike, has said that subsidy paid by the Federal Government on premium motor spirits, also known as fuel, remains a fraud. Governor Wike wondered why the…
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The House of Representatives, last Thursday, stunned Nigerians when it declared that nobody would be sanctioned for the supply of adulterated Premium Motor Spirit, otherwise known as petrol, which caused a major crisis in Nigeria’s…
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The quantity of premium motor spirit (PMS), popularly called petrol, consumed in Nigeria each day, has risen from 72.07 million litres a day in December 2021 to 74 million litres per day as at the week ended April 3, 2022. This…
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The growing amount of money needed to pay for petrol subsidy that would see the Federal Government spend N4 trillion in 2022 is unsustainable, a former Executive Director, Corporate Planning and Strategy, Nigerian National Petroleum…
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