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Fuel crisis: Signals the market is still under capture
Sopuruchi Onwuka The prevailing spar between the organized labour and the new government of President Bola Tinubu over the controversial increase in fuel prices tend to conceal a critical distortion in the market, shifting attention from market liberalization to insidious…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
Subsidy removal: Regulators, players move to arrest fuel scarcity
Sopuruchi Onwuka The declaration of President Bola Tinubu that the subsidy on the retail price of premium motor spirit popularly called petrol is gone has sparked a new round of confusion in the domestic fuel market, prompting the commercial players…
Players demand data dashboard for fuel market
Sopuruchi Onwuka Players in the Nigerian downstream petroleum industry have called on government to coordinate deep pool of industry data to provide vision and direction for the market operations. At a virtual seminar on “The Importance of Data and Automation…
Fuel market chaos: Major marketers demand full deregulation
NNPC siphons susbidy funds as prices escalate Sopuruchi Onwuka The group of major petroleum marketers in the country has demanded government to embark on full deregulation of the market, given the weakness of regulators in controlling price surge and subsequent…
Fuel scarcity: Market players blame government
*MOMAN pledges enhanced distribution for yuletide Sopuruchi Onwuka Key stakeholders in the Nigerian petroleum market have blamed the prevailing fuel supply instability in the country on regulatory failure, infrastructure obsolescence, acute foreign exchange crunch and lack of resource accountability by…
MOMAN sees difficulty in inevitable deregulation
Sopuruchi Onwuka The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities. MOMAN also called for massive…
Fuel Scarcity: MOMAN demands liberalized market, internal energy shield
Sopuruchi Onwuka Federal government should adopt the measures being deployed by countries around the world to protect their domestic economy from the prevailing energy supply shocks and high prices stoked by the ongoing war between Russia and Ukraine. Part of…
Scarcity: NNPC, marketers extend service time at fuel outlets
Pan-industry contingency response activated Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited and marketing groups in the downstream petroleum market have activated contingency measures to speed up distribution of petrol in the country in order to bridge gaps created by…
