Tag: Petrol

‘N977 To N936/Litre,’ Petrol Landing Cost Crashes, Marketers Retain High Price

ADEOLA YUSUF

“Unlike their practice anytime there is hike in petrol price, no marketer including NNPC has changed its pump price to reflect the new low price…Why are we like this?” Nigerians react   The landing cost of premium motor spirit (PMS) popularly known as petrol has slumped from N977 to N935.94 per litre. Platforms Africa reports this quoting latest data released by the Major Energy Marketers Association of Nigeria (MEMAN). What To Know About Viral Photo Allegedly Showing Tinubu On Hospital Bed ‘From 1.3 CGPA To First Class Degree,’ Inspiring Story…

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Why Only Nigerians Call Petrol PMS, By Farooq Kperogi

ADEOLA YUSUF

▪️”Almost without exception,…Nigerian newspapers mislead their readers into thinking that everyone in the English-speaking world recognizes “premium motor spirit” as the real name for petrol.”   I am taking a break from political commentary to everyday language usage this week. A few weeks ago, a British journalist who writes about oil and gas wrote to thank me for past articles I wrote that explained why Nigerians call “petrol” “Premium Motor Spirit.” “While I have always assumed PMS meant petrol, I never knew exactly why this term was so widespread in…

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Fresh Fuel Crisis Rocks Nigeria

Damilola Olonade

Depots run dry of petrol With N617 per litre, Nigerians beg for fuel as queues return to filling stations . NNPC rations product, wants panic buying blamed  . Fuel subsidy returns five months after Tinubu declared scheme gone forever    Nigeria, Africa’s biggest exporter of crude oil, has been hit by a major fuel crisis that may worsen the anguish citizens have been going through. Platforms Africa reports that the country, which ironically, doubles as the biggest importer of petroleum products, is grappling with supply shortage for premium motor spirit,…

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Subsidy: Labour Dares Tinubu, Begins Nationwide Protest Today

Aliyu Aliyu

… Police ordered watertight security   The much anticipated Labour Protests will start today across the country as part of the efforts to make the Nigeriqn Government reverse its decision on the removal of subsidy. The parties involved have not been able to find common ground despite engaging themselves in a series of meetings for two consecutive days. The two-day meeting between the Federal Government and the organised labour ended in a deadlock on Tuesday, and the Nigerian Labour Congress and the Trade Union Congress leaders have vowed to go…

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Why Labour Unions must support Petrol Market’s deregulation – CSOs

Dawood Rabiu

  The Coalition of Nigerian Civil Society Organisations for Petroleum and Energy Security (CONCSOPES) has called on organised labour to support government’s efforts to deregulate the downstream oil and gas sector. CONCSOPES Convener, Mr Timothy Ademola, who made the appeal at a news conference in Abuja on Saturday, said deregulation would promote growth and development in the sector. “ It will do our nation much good if our respected labour leaders spearheading the resistance to deregulation would recognise that deregulation has largely stabilised petroleum products supply over this past year.…

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