Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners have hiked the ex-depot price of petrol from N630 to N720 per litre. Fuel stations in Lagos, Ogun and some other states have run out of stock as they refused to buy …
Read More »Wife who had mother-in-law petrol bombed for saying she ?wasn?t good enough? for her son is jailed
A woman who had her mother-in-law’s car petrol-bombed for saying she “wasn’t good enough” to marry her son has been jailed. Alisha Anwar, 29, paid a friend £150 to carry out the revenge attack in Wrexham in June 2022 after falling out with Christine Place, 54, in the lead-up …
Read More »Local refining may crash petrol price to N300/litre ? Modular refineries operators say
The Crude Oil Refinery Owners Association of Nigeria says the pump price of petrol may crash as low as N300 per litre once indigenous producers and operators of modular refineries in Nigeria such as Dangote begin operation. In an interview with Punch, the Publicity Secretary of Crude Oil Refinery Owners …
Read More »Nigeria spends $25bn on petrol importation yearly ? Shettima
Vice-President Kashim Shettima has revealed that Nigeria spends $25 billion per annum on the importation of petroleum products. Speaking at the Vanguard Economic Discourse themed ‘Reforms in the Era of Global Economic Uncertainties: Whither Nigeria’, which was held at the Civic Centre, Victoria Island, Lagos, Shettima said the importation …
Read More »Man caught shoving the nozzle from a petrol pump up his bum while stroking his member at petrol station (+18 video)
A man has been caught with his pants down, shoving a petrol pump nozzle up his bum, while stroking his male member. The strange clip, which unsurprisingly has gone viral on social media and left people with far more questions than answers, shows the elderly-looking man standing at a …
Read More »Tinubu govt paying ₦1tr monthly as petrol subsidy – Pinnacle Oil MD
In a bid to deregulate the downstream sector in line with the provisions of the Petroleum Industry Act (PIA), Tinubu announced the end of the subsidy regime during his inaugural speech on May 29, 2023. The decision instantly led to an astronomical increase in fuel pump prices, which suggested that …
Read More »Petrol importation increased by 3.29% in 2023
The importation of Premium Motor Spirit (PMS) reportedly increased by 3.29% in the First Half of 2023. The National Bureau of Statistics in its “First Half 2023 Petroleum Products Report,” noted that petrol increased from 11.56 billion litres in the first half of 2022 to 11.94 billion litres in …
Read More »UK petrol and diesel prices jump following Houthi attacks
The cost of filling up a family car in the UK increased by about £2 this month as the jump in the oil price caused by the Red Sea attacks is felt at the pumps. In the three weeks to 18 February petrol increased by 3.2p to 143.4p a litre, …
Read More »Petrol queues resurfaces in Lagos and environs
The scarcity of petroleum products have resurfaced in Lagos state with Petrol queues resurfacing in the state and its environs. Residents of the state could be seen forming long queues at any fuel station selling the commodity. Fuel stations without products have remained shut for some days. While giving …
Read More »You?re currently going through the pain of petrol subsidy removal but things will get better – President Tinubu assures Nigerians (video)
President Tinubu has said that despite the pains Nigerians are experiencing as a result of the removal of fuel subsidy, things will get better. The President gave the assurance in Imo state where he attended the inauguration of the state governor for a second term on Monday, January 15. …
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