The populace in Anambra State were thrown into anger and high level frustration yesterday as commuters and motorists were hit by the sudden hike in the pump price of Premium Motor Spirit commonly called petrol from N530 to N650. The development was followed by panic buying from motorists and other users in anticipation of further
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…urged FG to ensure that necessary measures and infrastructure to ensure a less stressful subsidy removal regime were put in place before implementation Oil marketers have raised concern that Premium Motor Spirit, popularly called petrol could cost N800/litre once subsidy on PMS is removed. The Minister of Finance, Budget and National Planning, Zainab Ahmed, recently
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…claim they buy petrol from the depots at between N235-N240 per litre Oil marketers have accused the Nigerian National Petroleum Company Limited, NNPCL, of playing politics with petrol supply process and making vain promises. The Independent Petroleum Marketers Association of Nigeria, IPMAN, said they are yet to receive product supply, despite the assurances from the Managing
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…considering the way things are going now, we should be looking at N350/litre to N400/litre for the pump price of petrol before this year ends – IPMAN official The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued
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…A commuter described the scarcity of petrol in Okene as worse compared to Lokoja Lokoja-Okene bound drivers on Sunday expressed anger as petrol hit at least N230 per litre in Okene and Lokoja local government areas of Kogi State. Sources claimed that the current scarcity of fuel in Lokoja, the Kogi State capital has extended
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Early morning fuel tanker accident have claimed the lives of no fewer than six people in Kutigi Town in Lavun Local Government Area of Niger State. The tanker loaded with premium motor spirit brushed each other before they burst into flames killing about 6 people. The two fuel tankers involved in the accident were traveling
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No fewer than ten people have lost their lives in a petrol tanker explosion in Lokoja, Kogi State on Wednesday morning. It was gathered that the petrol tanker rammed other vehicles at Felele in Lokoja and exploded as other incoming vehicles rammed it. The accident occurred at about 8.30 according to an eye witness account.
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President Mohammadu Buhari on Monday warned of dare consequences if his administration resumes the business of fixing or subsidising Premium Motor Spirit (PMS) also known as petrol. He said a return to the old order will force the resumption of the scenario that had characterised the country but now a thing of the past. The
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No fewer than two persons has reported dead as a petrol tanker and a fish- laden truck had head-on collision along Ibadan-Ife road, Gbongan in Irewole Local Government Area. Eyewitness told newsmen that the accident occurred around 10:30am and that the accident was caused by the fish truck, which lost control. Our correspondent learnt the
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The Nigerian Government has directed the Nigerian National Petroleum Corporation to reduce the pump price of petrol from N145 to N125. This, the government said, was to reflect the current crash in the global price of crude oil. The President Muhammadu Buhari, approved the price reduction after the Minister of State, Petroleum Resources, Mr Timipre
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Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum and Natural Gas Workers of Nigeria suspended distribution of fuel to the city. Chairman, South-West Chapter of the union, Mr Tayo Aboyeji, told the News Agency of Nigeria in Badagry that the suspension was due to harassment and molestation
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