Entries by AllAfrica News: Petroleum

Nigeria: Subsidy Removal – Foundation Laments Over PMs Selling N600 Per Litre in Edo

[Vanguard] A nonprofit organization, One Love Foundation, OLF, Tuesday, lamented as pump price of Premium Motor Spirit, PMS, now sells for N600 per liter from N190 in Benin City, Capital of Edo State after 24 hours of swearing in of Bola Tinubu as Nige...

Nigeria: Subsidy – Queues Grow Longer Amid Uncertainty Over Take-Off Date

[Vanguard] Queues at petrol stations in Abuja grew longer yesterday as consumers continued their effort to obtain the product at old pump price, even as confusion over the take-off date of the full deregulation of the downstream sector of the petroleum...

Nigeria: Suspected Oil Bunkerers Engage Security Operatives in Shootout in Delta

[Leadership] Tension has mounted in Oghior community, Udu local government area of Delta State as suspected oil bunkerers and security operatives drafted from Ovwian division were involved in a gun duel.

Nigeria: Fuel Queues – Nigerian Regulatory Agency Warns Against Panic Buying

[Premium Times] "We, therefore, call on Nigerians to remain calm and resist the urge to stockpile as it poses a significant safety hazard," an official said.

Nigeria: Subsidy Removal Policy Has Grave Implications, Says NLC

[Leadership] The organised labour has kicked against President Bola Ahmed Tinubu's policy statement on the fuel subsidy removal, saying it has grave implications for the polity.

Nigeria: NNPCL Backs Fuel Subsidy Removal, Promises to Sustain Product Availability

[Leadership] The Nigerian National Petroleum Company Limited (NNPCL), has applauded the decision by the Federal Government to remove subsidy on Premium Motor Spirit (PMS), also called Petrol.

Nigeria: Tinubu – Subsidy Is Gone, Can No Longer Justify Ever Increasing Costs

[This Day] President Bola Tinubu, yesterday, took the oath of office in Abuja as Nigeria's 16th president, and immediately swung into action, announcing, in his inaugural speech, an end to the country's controversial petrol subsidy. The subsidy had ove...

Nigeria: Subsidy Removal – Nigerians May Pay N700/Litre for Petrol From July

[Leadership] Lagos -- Hard times await motorists as the cost of and other users of Premium Motor Spirit, (PMS), otherwise called petrol as the price may go up to as much as N700 per litre in the days ahead.