• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, June 2, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

Petrol queues disappear in Abuja

The Matters Press by The Matters Press
January 30, 2022
Reading Time: 1 min read
0
July petrol pump price ranges between N140.80 and N143.80

Queues for Premium Motor Spirit (PMS) at filling stations in the Federal Capital Territory (FCT) caused by artificial scarcity have eased off.

RELATED POSTS

Tanzania to end frequent power blackouts in two years

ECA calls for inclusive tax system to secure SDGs

PANDEF backs fuel subsidy removal

Normalcy has been restored as many fuel stations at the Central Business District and Nyanya-Karu-Kurudu-Orozo-Karshi axis are currently selling at normal rate of N165 per litre and dispensing with all pumping machines.

Last week, many fuel stations were seen closed, hoarding or dispensing PMS with one or two pumping machines with queues amid scarcity in the FCT.

ALSO READ  Act fast on Electoral Act, National Commissioners, Senate advised

This continued, in spite of assurances given by the Nigerian National Petroleum Company Limited (NNPC) that it had abundant stock of PMS to meet domestic needs, hence panic buying should be avoided.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, Abuja Zonal Office said the artificial fuel scarcity experienced in FCT was in anticipation of subsidy removal.

Mrs Roselyn Wilkie, Zonal Operations Controller, said that the fuel scarcity was artificial, mainly in anticipation of fuel subsidy removal and the resultant panic buying.

According to her, the authority has intensified surveillance during the period to prevent hoarding, sharp practices and to ensure that fuel stations with products utilised maximum number of pumps linked to their storage tanks.

ALSO READ  Petrol price drops slightly to N254 per litre in April 2023 – NBS

In this regard, she said that the agency would continue to be on ground to stop sharp practices and ensure sustained availability of petroleum products.

On Jan. 25, President Muhammadu Buhari directed 18-month suspension of the removal of subsidy on PMS.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Blackout hits Nigeria as grid collapses again
Economy/Technology

Tanzania to end frequent power blackouts in two years

June 2, 2023
FIRS deploys tech platform for tax collection
Economy/Technology

ECA calls for inclusive tax system to secure SDGs

June 2, 2023
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

PANDEF backs fuel subsidy removal

June 2, 2023
Council seeks incentives to boost indigenous ship operations
Economy/Technology

28 cargo ships expected in Lagos ports

June 2, 2023
May & Baker approves N517.57m dividends for 2022
Economy/Technology

May & Baker approves N517.57m dividends for 2022

June 2, 2023
Nigeria’s N17.1trn budget to gets presidential accent on Friday
Economy/Technology

Fuel subsidy not in 2023 budget – NNPC

June 2, 2023
Next Post
MAN concerns over CBN’s e-invoicing guidelines, calls for 90 days extension

MAN concerns over CBN's e-invoicing guidelines, calls for 90 days extension

Vulnerable Nigerian farmers to get $1m grant

Expert lauds government’s agricultural policies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Stakeholders brainstorm on Nigeria’s energy transition plan

Exploration spurs Africa’s energy sector

April 12, 2023
Nigeria disburses N56bn to MSMEs

MSMEs seek unlimited access to grants

December 14, 2022
NPA tasks arbitrators on speedy dispute resolution

NPA assures stakeholders of electronic truck call-up system

February 22, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tanzania to end frequent power blackouts in two years
  • ECA calls for inclusive tax system to secure SDGs
  • PANDEF backs fuel subsidy removal

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?