• About Us
  • Partners
  • Contact
Sunday, May 11, 2025
  • Login
No Result
View All Result
NEWSLETTER
The Energy Intelligence
  • Home
  • Solid Minerals
  • Oil
    Maersk Drilling secures $12.1 million contract from Dana Petroleum Netherlands B.V.

    Maersk Drilling secures $12.1 million contract from Dana Petroleum Netherlands B.V.

    SPE ex-Chair picks holes in petroleum subsidy removal

    SPE ex-Chair picks holes in petroleum subsidy removal

    Axxis Geo Solutions names

    Axxis Geo Solutions names Ronny Bøhn as new CEO

    Equinor transfers operatorship of Bressay project to EnQuest

    Equinor transfers operatorship of Bressay project to EnQuest

    Aker Solutions Secures Brownfield Services Contract for Hebron Platform in Canada

    Aker Solutions secures Brownfield services contract

    We have also been able to maintain stable operations and implemented several measures to safeguard our financial strength,” says Eldar Sætre, President and CEO of Equinor ASA.

    Amid Covid-19, Equinor presents impressive Q2 results

    The two entities will join forces to create a new supplier company with a stronger position as a solid execution partner, enabling sustainable, low-carbon oil and gas production, and accelerating growth in renewable energy industries.

    Norwegian oil services firm Aker Solutions announces merger with Kvaerner, names new CEO

    Aker Solutions won several new contracts for projects on the Norwegian Continental Shelf in June, and the order intake is expected to be about NOK 7 billion in the quarter.

    Improved Q2 results for Aker Solutions

    On behalf of the Oseberg partners, Equinor has awarded Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026.

    Aibel awarded Oseberg portfolio agreement

  • Marine Services
  • Industry News
    Sweden, Denmark leading the energy transition

    Sweden, Denmark leading the energy transition

    Nigeria dominates solar offgrid sales in West Africa

    Nigeria dominates solar offgrid sales in West Africa

    Logos of The Energy Intelligence, The Energy Leaders Dialogue and REEEA-ALLIANCE

    REEEA-ALLIANCE Becomes Official Partner of Energy Leaders Dialogue 2023

    West Africa’s largest renewable energy group announces Ayo Ademilua as new West Africa’s largest renewable energy group announces Ayo Ademilua as new president smiling

    REAN announces Ayo Ademilua as new president

    REAN appoints Salamatu Tunzwang as new executive secretary

    REAN appoints Salamatu Tunzwang as new executive secretary

    Eplan Senior Vice President Strategy & Corporate Program Marco Litto

    New service: Eplan Marketplace

    MAXXDRIVE® industrial gear units – NORD’s toughest for every situation

    MAXXDRIVE® industrial gear units – NORD’s toughest for every situation

    Student Energy announces $150m  youth-led UN Energy Compact

    Student Energy announces $150m  youth-led UN Energy Compact🇨🇦

    Nidec-Leroy-Somer-LSA-473-alternator

    Nidec Leroy-Somer announces launch of LSA 47.3 industrial alternator with increased performance and an optimized cooling system

  • Insights
  • Partners
  • Home
  • Solid Minerals
  • Oil
    Maersk Drilling secures $12.1 million contract from Dana Petroleum Netherlands B.V.

    Maersk Drilling secures $12.1 million contract from Dana Petroleum Netherlands B.V.

    SPE ex-Chair picks holes in petroleum subsidy removal

    SPE ex-Chair picks holes in petroleum subsidy removal

    Axxis Geo Solutions names

    Axxis Geo Solutions names Ronny Bøhn as new CEO

    Equinor transfers operatorship of Bressay project to EnQuest

    Equinor transfers operatorship of Bressay project to EnQuest

    Aker Solutions Secures Brownfield Services Contract for Hebron Platform in Canada

    Aker Solutions secures Brownfield services contract

    We have also been able to maintain stable operations and implemented several measures to safeguard our financial strength,” says Eldar Sætre, President and CEO of Equinor ASA.

    Amid Covid-19, Equinor presents impressive Q2 results

    The two entities will join forces to create a new supplier company with a stronger position as a solid execution partner, enabling sustainable, low-carbon oil and gas production, and accelerating growth in renewable energy industries.

    Norwegian oil services firm Aker Solutions announces merger with Kvaerner, names new CEO

    Aker Solutions won several new contracts for projects on the Norwegian Continental Shelf in June, and the order intake is expected to be about NOK 7 billion in the quarter.

    Improved Q2 results for Aker Solutions

    On behalf of the Oseberg partners, Equinor has awarded Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026.

    Aibel awarded Oseberg portfolio agreement

  • Marine Services
  • Industry News
    Sweden, Denmark leading the energy transition

    Sweden, Denmark leading the energy transition

    Nigeria dominates solar offgrid sales in West Africa

    Nigeria dominates solar offgrid sales in West Africa

    Logos of The Energy Intelligence, The Energy Leaders Dialogue and REEEA-ALLIANCE

    REEEA-ALLIANCE Becomes Official Partner of Energy Leaders Dialogue 2023

    West Africa’s largest renewable energy group announces Ayo Ademilua as new West Africa’s largest renewable energy group announces Ayo Ademilua as new president smiling

    REAN announces Ayo Ademilua as new president

    REAN appoints Salamatu Tunzwang as new executive secretary

    REAN appoints Salamatu Tunzwang as new executive secretary

    Eplan Senior Vice President Strategy & Corporate Program Marco Litto

    New service: Eplan Marketplace

    MAXXDRIVE® industrial gear units – NORD’s toughest for every situation

    MAXXDRIVE® industrial gear units – NORD’s toughest for every situation

    Student Energy announces $150m  youth-led UN Energy Compact

    Student Energy announces $150m  youth-led UN Energy Compact🇨🇦

    Nidec-Leroy-Somer-LSA-473-alternator

    Nidec Leroy-Somer announces launch of LSA 47.3 industrial alternator with increased performance and an optimized cooling system

  • Insights
  • Partners
No Result
View All Result
The Energy Intelligence
No Result
View All Result
hhh hhh hhh
ADVERTISEMENT
Home Oil

Fuel queues persist at Christmas, labour lambasts FG

by Ayobami Adedinni
December 26, 2017
in Oil
0
Petrol scarcity ends in Lagos, persists in Port Harcourt, others

Petrol scarcity ends in Lagos, persists in Port Harcourt, others

0
SHARES
Share on FacebookShare on Twitter
Oman Petroleum and Energy Show
ADVERTISEMENT
ADVERTISEMENT

The scarcity of Premium Motor Spirit continued in many parts of the country on Monday, putting a damper on the Christmas celebrations as many Nigerians struggled to get the product at the few stations that were selling it.
In some parts of Lagos and Ogun states like Ikorodu, Ikotun and Sango-Ota, some stations sold petrol for between N180 and N35  0 per litre.
Most of the stations that had the product in Ikorodu sold it at N200 per litre with long queues of desperate motorists and other petrol seekers attempting to buy the product in jerry cans.
The few stations selling at the official pump price of N145, including an NNPC station along the Mile 12-Ikorodu Expressway, had longer queues of motorists that spilled onto the road and disrupted the flow of traffic.
Commercial transport operators increased fares by as much as 100 per cent, saying it was because they bought petrol above N145 per litre. From Ikorodu garage to Gberigbe, the fare was increased to N400 from around N200-N250 before the scarcity.
From the Old Tollgate to Mowe-Ibafo, passengers were charged N300 on Monday as against N150-N200 in the past, while the fare from Agege to Mowe hovered around N400 from N300.
President Muhammadu Buhari had on Sunday broken his silence on the lingering fuel scarcity in the country, saying he had directed the regulators to end hoarding of the product and price inflation.
He said he had also been assured by the Nigerian National Petroleum Corporation that the situation would improve significantly in the next few days with the distribution of new shipments and supplies across the country.
“I have also directed the regulators to step up their surveillance and bring an end to hoarding and price inflation by marketers,” he added.
Last week, the Department of Petroleum Resources said it had come to its notice that some depot owners were selling PMS to unlicensed bulk buyers and some retailers at prices above the approved ex-depot prices, adding that some retail outlets were hoarding PMS or selling it at above the industry-set cap price.
The Zonal Operations Controller, Lagos, DPR, Mr. Wole Akinyosoye, stated, “These actions are clear violations of the Petroleum Act, 1969 and extant regulations, and they exacerbate the current supply challenges by bringing unnecessary hardships on the consumers.”
He said the agency had been punishing errant operators and warned that penalties would be imposed on any operator engaged in illicit acts.
Akinyosoye added that stations selling above N145 would be closed for six months and the product being sold above the cap price would be auctioned off to the public.
“Depots selling above the approved ex-depot price would be fined N25m, closed for at least three months and be excluded from coastal supply allocation by the Pipelines and Products Marketing Company for at least a period of one year,” he stated.
The United Labour Congress on Monday declared that the current petrol scarcity being experienced across the country was a clear manifestation of another failure of leadership in Nigeria.
According to the ULC, its investigations show that the petrol scarcity is not as a result of panic buying or hoarding, as often alleged by the Nigerian National Petroleum Corporation, but the product is in short supply.
It also stated that it would resist any attempt by the government to increase the pump price of petrol, notwithstanding assurances by the NNPC that there was no such intention.
This is coming as queues petrol persisted in Abuja and neighbouring states of Niger, Kaduna and Nasarawa on Monday.
In a statement signed by the President, ULC, Joe Ajaero, the union said, “Our investigations and reports reaching us from our affiliates in the industry show that the present debacle is clearly a manifestation of another failure of leadership in Nigeria. It cannot be blamed on any panic buying nor hoarding as the product is seriously in short supply.
“Importers are not bringing in enough products, while the NNPC is not in any position to meet the demands of the market. It is, therefore, neither the fault of the workers in the sector as the Petroleum Tanker Drivers are assiduously working and lifting available products to the filling stations, nor workers at the various filling stations and depots across, who are on standby to discharge their obligations as required.
“Importers cannot bring in products because of bottlenecks created by the government at the point of procuring foreign exchange, while the NNPC lacks the capacity to bring in more products that are needed this period.”
The union stated that it was worried by the unbroken chain of ineffective governance by those who walk the corridors of power in Nigeria, and declared that it would resist any attempt to hike the pump price PMS.
It said, “The ULC is afraid that the government may be playing its old trick prior to raising the price of petroleum products in the country and we want to warn that Nigerian workers under our aegis will work assiduously to resist such insensitive intentions.
“This has become a game politicians play against the people but we vow to work to ensure that the outcome of this time will be in the favour of Nigerian workers, Nigeria and Nigerians.”
It added, “It is indeed surprising that a government that raised the pump prices of petroleum products, especially PMS to N145/litre, with the promise never to allow the return of fuel queues, is sitting on its rump and giving excuses why the same queues have returned with a vengeance.
“We believe that there is no excuse strong enough for this government to give over this worrying situation. Government should fulfil at least its side of the bargain. That is the only way to go. It is even worse trying to deflect the blame and push it on the unions in the sector, which is not true as this truly shows continuous disrespect for the citizenry that elected these same leaders into office.”
The union urged all concerned government agencies to move very fast and bridge the supply gap either by importing more PMS directly, or by making forex available to importers to bring in products, or by ensuring that Nigeria’s refineries ramp up production to increase supply internally.

Tags: buharidepotsDPRfuel scarcitylabournigeriaNNPC
Ayobami Adedinni

Ayobami Adedinni

Ayobami founded The Energy Intelligence in 2017. He is an experienced energy journalist having previously worked for two national dailies. At The Energy Intelligence, Ayobami provides market intelligence to leaders in the African clean energy space. When he's not writing, he's busy daydreaming.

Hyundai marks nearly three decades of hydrogen fuel-cell electric vehicle (FCEV) powertrain development by unveiling the Initium concept that also displays an entirely new design language.

Hyundai unveils latest hydrogen fuel-cell concept

November 3, 2024
Air pollution levels in Lahore rise 40 times above WHO limit

Air pollution levels in Lahore rise 40 times above WHO limit

November 3, 2024
EXCLUSIVE: Norway launches program to tackle climate change in Nigeria, others

EXCLUSIVE: Norway launches program to tackle climate change in Nigeria, others

November 1, 2024

Popular News

    Tweet at us!

    Connect with us

    Newsletter

    Join thousands of other senior energy decision makers and gain access to exclusive stories and reports
    SUBSCRIBE

    Category

    • Amazons in Energy
    • Bio Energy
    • Clean Cooking
    • Climate Change
    • EnergyPreneur
    • Environment
    • Events
    • Food and Pharmaceuticals
    • Gas
    • Geothermal Energy
    • Governance
    • GreenTech Made in Africa
    • Hydro Power
    • Hydrogen Power
    • Industry News
    • Insight
    • Logistics
    • Magazine
    • Marine Services
    • Nuclear Power
    • Oil
    • Partners
    • Press Release
    • Recycling
    • Solar Energy
    • Solid Minerals
    • Sustainable Mobility
    • Technergy
    • Uncategorized
    • Wind Power

    Our Mission

    The Energy Intelligence is dedicated to focusing on all the key trends and developments that are emerging from within the Global Energy industry through Business Intelligence, Networking and Strategic Communications.

    • About Us
    • Partners
    • Contact

    © 2020 The Energy Intelligence. All rights reserved

    No Result
    View All Result
    • Home
    • Solid Minerals
    • Oil
    • Marine Services
    • Industry News
    • Insights
    • Partners

    © 2020 The Energy Intelligence. All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

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

    Log In
    You cannot copy content of this page