Tag
FUEL SCARCITY
News and analysis about fuel scarcity
Fuel queues have been reported at petrol stations in Lagos and Abuja since September 30, with more motorists experiencing delays on Wednesday, October 1, 2025, as some outlets that were selling fuel earlier in the day suspended sales by the afternoon.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened strike actions over the non-payment of over N100 billion in bridging and NTA claims owed to its members by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Minister of State for Petroleum, Senator Heineken Lokpobiri, has said that the full deregulation of the downstream industry, particularly prices through the removal of fuel subsidies, prevented fuel scarcity during the festive season.
Aliko Dangote, the CEO of Dangote Refinery, has addressed the growing fuel scarcity in the country, urging NNPC and other marketers to load fuel from the refinery.
The ongoing fuel scarcity has again intensified the demand for Premium Motor Spirit (PMS) production from Dangote Refinery, the world’s largest single-train refinery, drawing attention from both industry stakeholders and consumers.
The Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed international oil traders as a major factor in the ongoing fuel scarcity across the country.
The Independent Petroleum Marketers of Nigeria (IPMAN) has revealed that NNPC no longer supply them petroleum products directly for the past three years as they now source their petroleum from private depots at a premium price of about N850.
Fuel scarcity has returned to major cities like Lagos and Abuja, with vehicles seen queuing at the few filling stations selling petrol on Sunday and Monday.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced that fuel stations will extend their operating hours to improve the supply and distribution of petrol.
The Nigeria National Petroleum Corporation (NNPC) Limited has attributed the recent scarcity and hike in fuel price observed in Abuja on disruptions in movement of the products caused by thunderstorms and other weather-related issues.
The Nigerian National Petroleum Company (NNPC) Limited has informed the public that the current fuel shortages and the accompanying queues will be resolved by Wednesday, May 1,2024.
Adetunji Oyebanji, the Chief Executive Officer of 11 Plc, has stated that the ongoing fuel crisis in the country is due to the intermingling of economic and political factors regarding fuel pricing.