• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • 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

Supply of petrol improves in Lagos

Petrol

The Matters Press by The Matters Press
February 13, 2022
Reading Time: 2 mins read
0
July petrol pump price ranges between N140.80 and N143.80

Availability of Premium Motor Spirit (PMS), also known as petrol, is improving in Lagos State, after days of scarcity of the product.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Some petroleum products’ retail outlets in Ikeja, Abule-Egba, Iyana-Ipaja and Oshodi areas of the state have been opened for business.

Vehicular queues had reduced in some of the stations which were selling petrol between N162.5 and N165 per litre.

Mr Mike Osatuyi, National Operations Controller, Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed that some of the stations had received supply of on-spec products.

“They have received cargo already and they are discharging. So we should be experiencing more improved fuel supply this weekend,” Osatuyi said.

Osatuyi noted that the importation of off-spec petrol into the country could have been averted if those saddled with certain responsibilities had done their jobs properly.

He said going forward, the Nigerian National Petroleum Company Ltd. and its trading partners, as well as other regulatory agencies, should ensure that due process was followed at all times.

Osatuyi said the importation of sub-standard petrol was an embarrassment to the government and to Nigerians, and such should never be allowed to reoccur.

The scarcity was caused by the suspension of loading PMS for some days following the importation of a vessel of PMS containing methanol above the specified volume, that was imported into the country.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, which confirmed the development, said they were able to identify, isolate and quarantined the limited amount of PMS affected.

Mr Farouk Ahmed, Chief Executive, NMDPRA, in a meeting on Wednesday with downstream industry stakeholders, had assured Nigerians that the country had 20 days sufficiency of PMS.

Ahmed also disclosed that loading was going on at depots in Apapa and Ijegun-Egba, Lagos, which would help close the supply gap created by the withdrawal of the sub-standard petrol from the market.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
IITA hands over 6,952.2kg seed yam to GoSeed

IITA hands over 6,952.2kg seed yam to GoSeed

Nigeria loses $25b to foreign ship owners

Petrol among goods in 20 ships expected at Lagos ports

Recommended Stories

3,000 manufacturers to attend global fair on industrial solution in Lagos

FG to support local manufacturers with N75bn in 2024

October 4, 2023
Trading in Nigerian stock market dips further N83bn

Market capitalisation gains N116bn, indices up 0.45%

October 11, 2022
Afreximbank unveils 2023 financial performance

Afreximbank unveils 2023 financial performance

April 6, 2024

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
  • NCC sets fresh operational fees, spectrum prices for telecom operators

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

    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

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

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

© 2025 Domo Tech World - Powered by Thematterspress.

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

© 2025 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