Tag
FUEL SCARCITY
News and analysis about fuel scarcity
The cost of diesel in major filling stations across Lagos surged past N400 per litre in recent days as fuel scarcity, rise in oil prices trigger general prices increases in the cost of goods and services.
DAPPMAN has said that its members have resulted in extending loading hours in their depots and retail outlets to help ease the current fuel scarcity.
MOMAN has directed its members to extend the operations of their jetties, depots and filling stations to between 18 to 24 hours daily.
The NNPC has said that it has commenced the distribution of one billion litres of safe petrol to fuel stations across the country.
The Statistician-General of the Federation, Mr Simon Harry, has said that the current fuel scarcity across the country is likely to affect inflation rate.
As the blame game between the NNPC and 4 oil trading companies rages on, fuel scarcity appears to persist in major cities in Nigeria.
CEO of Ardova Plc has revealed that it has so far recorded 136 reported cases of car issues as a result of the contaminated fuel in the country.
The FCCPC has stated that Nigerians who purchased contaminated fuel have experienced technical difficulties and damage to their vehicles.
The NNPC has explained how the adulterated petrol was imported into Nigeria from Belgium undetected as well as the oil companies involved.
FG has moved to perform a major investigation to unravel the circumstance surrounding the importation and supply of adulterated fuel.
The Federal Government has disclosed that the reason for the fuel scarcity in some states is due to the limited methanol quantities.
The long queues and heavy traffic flow have become a dominant feature on the roads as a result of fuel scarcity in some states.