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April 25, 2024 Fuel Shortage Causes Queues in Abuja and Five Other States

Fuel Shortage Causes Queues in Abuja and Five Other States

Fuel scarcity disrupted operations in Abuja and five additional states on Wednesday, resulting in the closure of numerous filling stations and lengthy queues forming at the limited outlets still dispensing Premium Motor Spirit (PMS), commonly known as petrol.

The scarcity left thousands of commuters stranded at bus stops across the Federal Capital Territory, Nasarawa, Niger, Gombe, Sokoto, and Anambra states, as transporters struggled to procure fuel for their vehicles, leading to a surge in transport fares.

The shortage in PMS supply to the nation's capital and surrounding states prompted the shutdown of filling stations in the affected areas. Oil marketers announced plans to convene a meeting with the retail subsidiary of the Nigerian National Petroleum Corporation (NNPC) to investigate the root cause of the shortage and explore solutions.

In Abuja, long queues formed at Conoil and Total filling stations near the NNPC headquarters, causing traffic congestion in the Central Business District. Similarly, several filling stations in Zuba, Niger State, including NNPC and AYM Shafa, remained closed due to the unavailability of petrol.

In Nyanya, Nasarawa State, numerous filling stations were shuttered, further exacerbating the pressure on the few stations still operational. Oil marketers acknowledged the supply shortage and assured the public that discussions with the NNPC were underway to address the issue.

Chief John Kekeocha, the National Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), highlighted the ongoing investigation into the supply shortfall and expressed optimism about finding a resolution during the scheduled meeting with NNPC.

IPMAN's National President, Abubakar Maigandi, mentioned the potential alleviation of petrol scarcity once the Dangote Petroleum Refinery begins domestic distribution. However, no specific timeline was provided for the refinery's operations.

Chief Ukadike Chinedu, IPMAN's National Public Relations Officer, echoed Maigandi's sentiments and expressed hope for the imminent production of refined petroleum products by the Port Harcourt Refining Company.

February 21, 2024 Black Market Fuel Hits ₦1,000/Ltr As Fuel Queues Reappear

Black Market Fuel Hits ₦1,000/Ltr As Fuel Queues Reappear

During the ongoing strike by tanker drivers, black market operators are capitalizing on the situation, causing the price of Premium Motor Spirit (PMS or petrol) to surge drastically, reaching as high as ₦1000 per litre in certain areas of Lagos State.

On Wednesday, many filling stations in Lagos, Ogun, and surrounding areas, particularly those affiliated with the Independent Petroleum Marketers Association of Nigeria (IPMAN), remained closed. Meanwhile, lengthy queues began to form at stations operated by the Nigerian National Petroleum Company Limited (NNPCL) and the Major Energy Marketers Association of Nigeria (MEMAN).

While black market prices soared to ₦1000 per litre, MEMAN-affiliated stations like Eterna, NorthWest, TotalEnergies, Mobil, Capital Oil, Enyo, Conoil, ForteOil, MRS, and others maintained prices ranging between ₦599 and ₦615 per litre. This resulted in an influx of vehicles at MEMAN stations, with consumers seeking the most affordable options.

IPMAN stations, facing a shortage of products, either remained closed or sold petrol for no less than ₦650 per litre. Many IPMAN filling stations along the Ikotun to Jakande Gate route had no products available as of Wednesday morning, leaving motorists and private car owners with little choice but to endure long queues at NNPCL or MEMAN stations.

November 24, 2023 NNPC: Nigeria to end petrol importation by December 2024

NNPC: Nigeria to end petrol importation by December 2024

The Nigerian National Petroleum Company Limited declared on Thursday that it will stop importing refined petroleum products by December 2024 since all of the nation’s refineries will be running by then.

Additionally, it predicted that NNPCL-managed Port Harcourt Refining Company will be fully operational by December 2023, allowing the national oil company to raise its income to N4.5 trillion by the end of 2023.

When he escorted company representatives to a meeting with Speaker of the House of Representatives Tajudeen Abbas, who advocated for the privatization of Nigeria’s refineries, NNPCL Group Chief Officer Mele Kyari revealed this.

Then, Kyari said that the reason Nigeria’s refineries weren’t operating was because of the petroleum subsidy, adding that the industry had seen a large influx of private sector capital once the subsidy was eliminated.

Furthermore, on Thursday, oil marketers confirmed that the Port Harcourt refinery was ready, claiming that the refinery’s operations, which might begin in January 2024, will cause the price of refined petroleum products to drop significantly.

During the meeting, Kyari said that Nigeria is expected to cease importing petroleum products by 2024, making it a net exporter of refined petroleum products by then.

He also clarified the commencement dates of operations for the refineries in Warri, Kaduna, and Port Harcourt.

In addition, Kyari predicted that all refineries would be fully operational by the end of 2024 and that the nation would profit from the export of petroleum products.

“I can assure you that the Port Harcourt refinery will begin operations by the end of December of this year; the Warri refinery will begin operations early in the first quarter of 2024; and the Kaduna refinery will begin operations by the end of 2024,” he stated.

We are making this commitment today, and you may hold us responsible for it. Nigeria will be a net exporter of petroleum products in 2024 thanks to a number of initiatives, such as the renovation of our refineries, the work of local refineries, and the planned Dangote refinery.

June 1, 2023 Lagos Govt Cautions Motorists Against Causing Gridlock

Lagos Govt Cautions Motorists Against Causing Gridlock

Amid the nationwide fuel scarcity, the Lagos State Government has cautioned motorists against obstructing flow of traffic by queuing up at filling stations and parking their vehicles indiscriminately.

Permanent Secretary, Ministry of Transportation, Engr. Abdulhafiz Toriola, gave the warning in a statement by the Principal Public Affairs Officer, Babs Olorunkemi.

He stressed that those found queuing for fuel should also ensure that the flow of traffic is not adversely affected, stating there are no excuses for traffic violation.

He added that the Lagos State Traffic Management Authority (LASTMA) had been mandated to enforce the state traffic laws

 

 

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