Fears of scarcity of petroleum products as Nigeria approaches the Yuletide are strong, following allegations by stakeholders in the sector led by Independent Petroleum Marketers Association of Nigeria (IPMAN) that there are plans by cabals in the downstream sector to create artificial scarcity.
They accused the Nigerian National Petroleum Corporation (NNPC) of according credit right to few oil marketers and perpetuating monopoly it claims to curtail just as they petitioned President Muhammadu Buhari to intervene.
A member of IPMAN, who did not […]
Arik Air on Wednesday announced reduction of flights due to the lingering scarcity of JET A1.
The airline made the announcement in a statement by its Communications Manager, Mr. Ola Adebanji, in Lagos.
Arik Air said that aviation fuel scarcity started manifesting last week when major oil marketers began to ration supply of the product to airlines.
It said, “With a daily fuel need of about 500,000 litres and an average of over 100 daily flights, Arik Air is mostly affected by this […]
As the ongoing scarcity of aviation fuel in Nigeria continues to bite harder, Emirates Airline has started refueling its aircraft in Accra, Ghana.
This development had also forced the company to cut its twice-daily flights to Lagos and Abuja.
The decision was followed by a substantial deflation in Ghana’s jet prices amid tax reform last month, according to the Ghana Chamber of Bulk Oil Distributors.
UEA-based newspaper, The National reports that other foreign airlines flying to Nigeria have also started to fill up […]
The Minister of State for Petroleum, Dr. Ibe Kachikwu, has assured that the federal government was doing everything possible to tackle the scarcity of Aviation fuel also known as Jet A1.
Kachickwu, who disclosed this on Thursday while speaking to aviation correspondents at the Nnamdi Azikwe International Airport, said the sector has being privatised and the production of Jet A1 was entirely in the hands of the private sector, adding that the federal government has been trying to work with them […]
As the ongoing scarcity of aviation fuel, otherwise known as called Jet-A1 continues to bite harder, passengers were stranded at airports across the country on Monday.
It was gathered that the scarcity of the product had resulted in the delay or outright cancellation of some of their flights across the country.
Checks at the domestic terminals of the Murtala Muhammed Airport in Lagos, show that many airlines were forced to either cancel or reschedule most of their flights due to the scarcity […]
Another round of fuel scarcity hit the aviation sector at the weekend, leaving operators struggling to keep scheduled flights running.
The scarcity peaked yesterday in places like Lagos and Abuja where operators cancelled almost all flights.
Meanwhile, oil marketers responsible for the importation and supply of the aviation fuel, also known as Jet-A1, have blamed the high cost of foreign exchange for the current crisis.
Executive Secretary of Major Oil Marketers Association of Nigeria (MOMAN), Obafemi Olawole, said that the current rate of […]
The founder of the One Love Family, Sat Guru Maharaj Ji has revealed why the country continues to experience lingering fuel scarcity, describing the crisis as a manipulated intrigue meant to create crisis of confidence between Nigerians and the federal government.
Speaking with newsmen in Ibadan, the Oyo state capital, on Friday, he declared that the scarcity was being engineered by saboteurs to raise issues on the capacity of the administration of President Muhammadu Buhari to effectively govern the country.
While insisting […]
The minister of state for petroleum, Mr. Ibe Kachikwu, has once again reassured Nigerians that the ongoing nationwide fuel scarcity would end next week.
This is the third time the minister would be making such promise.
Speaking at the State House after the FEC meeting, Kachikwu said that the queues were expected to completely disappear by the end of next week.
According to him, the development was as a result of sabotage.
He, however, thanked Nigerians for their patience so far.
He said, “The queues […]
Not much relief has come the way of Nigerians, government’s efforts at tackling the lingering fuel scarcity notwithstanding.
Premium Motor Spirit still sells at between N150 and N300 per litre in some parts of the country
Despite promises that it would soon be over, the fuel scarcity problem persists to the extent that even government officials are beginning to wonder why.
But gloomy as the domestic outlook may seem, the latest trend in the international crude oil market may spell a positive outlook […]
The Nigerian National Petroleum Corporation (NNPC) on Tuesday declared that 12 cargoes laden with Premium Motor Spirit (PMS) otherwise known as petrol are currently discharging in Lagos, Calabar and Port Harcourt ports in order to wet the nation with robust supply and distribution of petrol.
The corporation and its downstream subsidiary Nigerian Products Marketing Company (NPMC), which said this in a late Tuesday statement, added that fuel supply and distribution situation has drastically improved in Abuja and its environs stating that […]
Elder statesman and former Permanent Representative to the United Nations, Alhaji Yusuf Maitama Sule, has called on Nigerians to exercise patience with the current government of President Muhammadu Buhari.
The Dan Masanin Kano, noted that the problems of the oil sector, including the current fuel scarcity, cannot be solved overnight.
Addressing journalists in Abuja, yesterday, Alhaji Sule remarked that the ongoing fuel scarcity and economic hardship experienced in the country were inherited from the previous administrations, adding that with patience and cooperation […]