latest
Resurgence Of Fuel Queues In Abuja As Independent Marketers Modify Fuel Prices
Resurgence Of Fuel Queues In Abuja As Independent Marketers Modify Fuel Prices....KINDLY READ THE FULL STORY HERE▶

Reports have emerged of certain independent oil marketers adjusting fuel prices in the nation’s capital, Abuja, leading to a resurgence of fuel queues in the Federal Capital Territory (FCT).
Apart from the Nigerian National Petroleum Company Limited (NNPCL), a few independent petrol stations were observed selling Premium Motor Spirit (PMS) petrol above the official cap of N617 per liter.
It was noted that while many filling stations remained closed, long queues of vehicles formed at the few stations that were open in various parts of the FCT.
Additionally, there were sightings of black-market fuel vendors selling petrol in makeshift containers as they operated along the major highways within the capital.
In a video posted by ICIR on Wednesday evening, extensive queues of vehicles and other road users were seen at different filling stations in the FCT. ICIR captioned the video, “Fuel queues return to Abuja. The scarcity of Premium Motor Spirit, popularly called petrol, has again returned to the FCT, causing queues at the few filling stations still dispensing the product.”
The Independent Petroleum Marketers Association of Nigeria (IPMAN) attributed the return of fuel queues to the high cost of Automotive Gas Oil (diesel) and the unavailability of petrol in depots.
According to IPMAN National Vice President, Mr. John Ocha, many independent marketers were not selling petrol due to its scarcity. Some stations that did open, like A.Y. Shafa, adjusted their pump prices to N625.
Ocha explained that the scarcity was primarily due to the reluctance of independent marketers to sell, given the limited product availability and the high cost of diesel. He noted that the cost of diesel was exceeding N1000 per liter, making it financially unviable to transport fuel over long distances.
When asked if the government had taken any action against the adjusted pump prices, Ocha stated that there had been no official response, possibly because the government could not offset the high cost of diesel.
He added, “The diesel cost is high, and therefore, that makes the landing cost of the product to be very high, especially at the very far places.”
However, Ocha pointed out that marketers in Lagos and nearby areas could still sell at the capped pump price due to the proximity of depots.
Meanwhile, the NNPCL maintained that it had a sufficient stock of PMS to last for 30 days. The company’s Head of Corporate Communication, Iyabo Ojo, explained that the queues had reappeared in Abuja and other areas due to challenging road conditions affecting fuel transportation.
She reassured that there was no need for alarm regarding fuel supply.
latest
Edo Police Nab Suspected Kidnappers Of Two Doctors’ Brothers.
The Edo State Police Command has confirmed the arrest of three suspected kidnappers linked to the abduction of two medical doctors’ brothers in Auchi, Etsako West LGA.....KINDLY READ THE FULL STORY HERE▶
latest
Jigawa Speaker Elected Chairman Of Progressive Speakers Conference.
The Speaker of the Jigawa State House of Assembly, Rt. Hon. Haruna Aliyu Dangyatin, has been elected Chairman of the Progressive Speakers Conference, a forum of APC House Speakers nationwide.....KINDLY READ THE FULL STORY HERE▶
latest
Prof Fasina Officially Steps Down As FUOYE Vice Chancellor.
Professor Abayomi Fasina has officially stepped down as Vice-Chancellor of the Federal University Oye-Ekiti (FUOYE).....KINDLY READ THE FULL STORY HERE▶
-
latest6 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
