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Fuel Scarcity: Depot owners selling fuel above ex-depot price risk N20m fine

Fuel Scarcity: The management of the Department of Petroleum Resources, DPR, on Tuesday said that any depot owner selling petrol above approved ex-depot price would henceforth pay a fine of N20m. The Zonal Operations Controller, DPR, Lagos, Mr. Wole Akinyosoye, said in a statement made available to newsmen in Lagos...

PENGASSAN ends Nationwide Strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its planned nationwide strike. The decision to suspend the strike which was planned to commence 11:59 pm on Monday followed the intervention of the Director of State Security Service, the Minister of Labour and Productivity, Chris Ngige...

Petroleum Minister says Fuel Scarcity due to Supply Shortfall

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products. Kachikwu, who stated this in a news briefing on Thursday in Abuja, however, said that the Nigerian National Petroleum Corporation...

NNPC/PPMC Debunks Reports of Imminent Fuel Scarcity

Fuel Scarcity: The Managements of the Nigerian National Petroleum Corporation (NNPC) and its downstream and marketing subsidiary, the Pipelines and Products Marketing Company (PPMC) have urged members of the public to discountenance the reports of imminent fuel scarcity in the South-West carried in a section of the media as there...