No Result
View All Result
Friday, March 31, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    BoG cautions against use of Ghana Cedi for bouquets and hampers

    CUTS International pushes for passage of Competition bill

    DBG partners UGBS to deepen development finance

    GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC

    BoG assures of enhanced educational campaigns to ensure proper handling of local currency

    Youth in Accountable Governance calls for passage of outstanding revenue bills

    GRA reiterates calls for businesses to embrace  E-VAT

    IES predicts drop in fuel prices from April 1

    Journalists trained on the Enrolment of cocoa farmers in pension scheme

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    CUTS International pushes for passage of Competition bill

    DBG partners UGBS to deepen development finance

    Bank of Ghana increases Monetary Policy rate to 29.5%

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    BoG cautions against use of Ghana Cedi for bouquets and hampers

    CUTS International pushes for passage of Competition bill

    DBG partners UGBS to deepen development finance

    GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC

    BoG assures of enhanced educational campaigns to ensure proper handling of local currency

    Youth in Accountable Governance calls for passage of outstanding revenue bills

    GRA reiterates calls for businesses to embrace  E-VAT

    IES predicts drop in fuel prices from April 1

    Journalists trained on the Enrolment of cocoa farmers in pension scheme

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    CUTS International pushes for passage of Competition bill

    DBG partners UGBS to deepen development finance

    Bank of Ghana increases Monetary Policy rate to 29.5%

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Fuel crisis messes up Christmas in Nigeria

bycitibusinessnews
December 27, 2017
in Africa, Local Economy, Oil And Gas, Top Stories, West Africa
file photo

file photo

Share on FacebookShare on TwitterShare on Whatsapp

Many motorists and commuters are stranded in Nigeria following an excruciating three-week fuel shortage.

Long queues continue to form at petrol stations in major cities, occasioning a hike in pump price in places where the product was available.

Many bus stages are jammed with passengers travelling for Christmas celebration, yet many commercial vehicles were held up in petrol stations.

ADVERTISEMENT

Motorists were spending long hours on queues to buy petrol, even as the government insists on the availability of fuel at all depots.

Public vehicle operators have increased fares by between 50 and 70 per cent.

BLACK MARKETS

Customers now pay between $0.70 and $0.80 per litre of petrol, against the official pump price of less than $0.40.

Many motorists have also resorted to buying from the black markets.

A survey indicated most filling stations had the product, but refused to dispense, against the advice of the Department of Petroleum Resources (DPR), to sell the product at the government regulated price.

The DPR team has penalised many filling stations, including some government controlled mega ones, for hoarding fuel.

The current shortage is the first end-of-year fuel crisis since the former ruling People’s Democratic Party (PDP) was ousted in May 2015 by the All Progressives Congress (APC).

The government had directed the Nigeria National Petroleum Corporation (NNPC) to end the crisis, but many stations were still not dispensing and the few that sold fuel were swamped with thousands of vehicles.

The Ministry of Petroleum Resources and its agencies continue to assure Nigerians, leaving them to conclude that the government may have been overwhelmed.

BRIBE

A businessman, Mr Abdul Adamu, said on Saturday that he spent five hours under the scorching sun and parted with a bribe before he was able to buy petrol.

“I’ve never seen this sort of hell before. This is a bleak Christmas for Nigerians honestly.

“Even if they bring all the petrol trucks in Nigeria into Abuja, this crisis I am seeing can only ebb after Christmas,’’ he said.

Mr Shehu Dawudu claimed he spent seven hours at a petrol station and was not lucky as the station abruptly shut down, claiming to have run out of stock.

“It was like a bullet piercing my heart. I wasted the little petrol in my car and at the end, I got nothing. What could be more devastating than that. I’ll try elsewhere and if I don’t get, tomorrow, the search continues”, he stated.

A commuter, Mr Mary Akachi, said she spends hours waiting for a taxi to Lugbe from Banex since the crisis began.

“Before the scarcity, it was so easy getting a taxi to Lugbe from Banex. But on Friday, it was something else. No taxis. Those willing to go hiked the fare but the crowd was much. You needed to struggle.

“We were told many taxi operators were languishing on queues in various filling as they struggle to buy petrol.’’

Petroleum minister Ibe Kachikwu has assured Nigerians that the situation would soon change.

He said there was sufficient stock for the Christmas period and beyond.

The Head Public Affairs Unit of the Department of Petroleum Resources (DPR), Mr Mohammed Saidu, said marketers diverted petrol from Abuja on Friday.

Mr Saidu added that some of the culprit filling stations have been slammed with fines.

–

Source: Daily Nation, Nigeria

Related Posts

Business

CUTS International pushes for passage of Competition bill

byEmmanuel Oppong

Think Tank, Consumer Unity and Trust Society (CUTS) is urging government to quicken efforts to pass the Competition bill to...

Read more

GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC

BoG assures of enhanced educational campaigns to ensure proper handling of local currency

Youth in Accountable Governance calls for passage of outstanding revenue bills

GRA reiterates calls for businesses to embrace  E-VAT

IES predicts drop in fuel prices from April 1

Journalists trained on the Enrolment of cocoa farmers in pension scheme

Next Post

Fuel Supply Improves in Lagos, Scarcity Persists in Abuja

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.