Fuel – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 09 May 2026 14:11:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Fuel – InfoStride News https://www.theinfostride.com 32 32 NNPC refineries will never work again – Obasanjo https://www.theinfostride.com/nnpc-refineries-will-never-work-again-obasanjo/ https://www.theinfostride.com/nnpc-refineries-will-never-work-again-obasanjo/#respond Sat, 09 May 2026 14:11:51 +0000 https://www.theinfostride.com/?p=483376 Former President Olusegun Obasanjo has sparked fresh debate over Nigeria’s downstream petroleum sector after stating that the country’s state-owned refineries under the Nigerian National Petroleum Company Limited (NNPC Ltd) may never function effectively again. Obasanjo made the remarks while reflecting on Nigeria’s long-standing struggle to revive its refining capacity, despite decades of investment and repeated [...]

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]]> https://www.theinfostride.com/nnpc-refineries-will-never-work-again-obasanjo/feed/ 0 Fuel hike: Aviation stakeholders seek govt help to save 2026 Hajj https://www.theinfostride.com/fuel-hike-aviation-stakeholders-seek-govt-help-to-save-2026-hajj/ https://www.theinfostride.com/fuel-hike-aviation-stakeholders-seek-govt-help-to-save-2026-hajj/#respond Sat, 09 May 2026 13:27:44 +0000 https://www.theinfostride.com/?p=483362 Aviation stakeholders have called on the Federal Government to urgently intervene in the wake of rising aviation fuel prices, warning that the escalating cost of operations could significantly affect preparations for the 2026 Hajj pilgrimage. Industry operators say without immediate support measures, airlines and travel operators may struggle to transport thousands of Nigerian pilgrims to [...]

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]]> https://www.theinfostride.com/fuel-hike-aviation-stakeholders-seek-govt-help-to-save-2026-hajj/feed/ 0 Petrol consumption hits 4.93 billion litres in Q1 https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/ https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/#respond Mon, 20 Apr 2026 11:06:34 +0000 https://www.theinfostride.com/?p=482179 Nigeria’s petrol consumption reached an estimated 4.93 billion litres in the first quarter of the year, highlighting the country’s continued reliance on Premium Motor Spirit (PMS) as a primary energy source for transportation and power generation. The figure, which reflects nationwide demand over a three-month period, underscores both the scale of domestic fuel usage and [...]

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]]> https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/feed/ 0 South Africa Overtakes Nigeria as Africa’s Top Fuel Importer https://www.theinfostride.com/south-africa-overtakes-nigeria-as-africas-top-fuel-importer/ https://www.theinfostride.com/south-africa-overtakes-nigeria-as-africas-top-fuel-importer/#respond Wed, 25 Feb 2026 02:00:59 +0000 https://www.theinfostride.com/?p=435236 South Africa has officially overtaken Nigeria as Africa’s largest importer of refined petroleum products, marking a significant shift in the continent’s energy dynamics. This change, detailed in a new report by energy consultancy CITAC, reflects contrasting developments in both countries’ fuel supply strategies and refining capabilities. According to CITAC, South Africa imported approximately 4.2 million [...]

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]]> https://www.theinfostride.com/south-africa-overtakes-nigeria-as-africas-top-fuel-importer/feed/ 0 Marketers Worry as Five-Month Fuel Imports Hit N6tn https://www.theinfostride.com/marketers-worry-as-five-month-fuel-imports-hit-n6tn/ https://www.theinfostride.com/marketers-worry-as-five-month-fuel-imports-hit-n6tn/#respond Tue, 20 Jan 2026 05:56:04 +0000 https://www.theinfostride.com/?p=404795 Oil marketers have raised concerns over the rising cost of fuel imports, which have reached N6 trillion in just five months. The increasing expenditure on petroleum product imports has sparked fears about the long-term sustainability of Nigeria’s fuel supply chain and the impact on the economy. Industry experts warn that the heavy reliance on imports, [...]

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]]> https://www.theinfostride.com/marketers-worry-as-five-month-fuel-imports-hit-n6tn/feed/ 0 Dangote Defends Refinery’s Capacity Amid Marketers’ Criticism https://www.theinfostride.com/dangote-defends-refinerys-capacity-amid-marketers-criticism/ https://www.theinfostride.com/dangote-defends-refinerys-capacity-amid-marketers-criticism/#respond Mon, 12 Jan 2026 17:41:06 +0000 https://www.theinfostride.com/?p=410308 The Dangote Petroleum Refinery has firmly responded to recent criticisms from oil marketers, asserting its capability to meet Nigeria’s domestic fuel demands. This rebuttal comes in the wake of claims by industry stakeholders suggesting that the refinery lacks the capacity to satisfy the nation’s fuel requirements, thereby necessitating continued fuel imports. Marketers’ Concerns Oil marketers, [...]

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]]> https://www.theinfostride.com/dangote-defends-refinerys-capacity-amid-marketers-criticism/feed/ 0 Price Cut Drives Surge as Over 1,000 Trucks Load Petrol Daily at Dangote Refinery https://www.theinfostride.com/price-cut-drives-surge-as-over-1000-trucks-load-petrol-daily-at-dangote-refinery/ https://www.theinfostride.com/price-cut-drives-surge-as-over-1000-trucks-load-petrol-daily-at-dangote-refinery/#respond Sun, 21 Dec 2025 15:25:01 +0000 https://www.theinfostride.com/?p=473924 The Dangote Petroleum Refinery has disclosed that more than 1,000 trucks are now loading petrol daily from its facility, following a recent reduction in the pump price of Premium Motor Spirit. The development signals a sharp increase in domestic demand and marks a significant shift in Nigeria’s downstream petroleum supply dynamics, as locally refined products [...]

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]]> https://www.theinfostride.com/price-cut-drives-surge-as-over-1000-trucks-load-petrol-daily-at-dangote-refinery/feed/ 0 Dangote Refinery tells Nigerians to be assured of Sufficient Fuel Supply https://www.theinfostride.com/dangote-refinery-assures-nigerians-of-sufficient-fuel-supply/ https://www.theinfostride.com/dangote-refinery-assures-nigerians-of-sufficient-fuel-supply/#respond Wed, 23 Jul 2025 22:00:38 +0000 https://www.theinfostride.com/?p=403833 The Dangote Petroleum Refinery has assured Nigerians that it has enough fuel to meet the country’s demand, dismissing concerns over potential shortages. The refinery, which has ramped up production in recent months, stated that its output is sufficient to stabilize supply and reduce reliance on imports. Speaking on the refinery’s capacity, officials confirmed that production [...]

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]]> https://www.theinfostride.com/dangote-refinery-assures-nigerians-of-sufficient-fuel-supply/feed/ 0 Fuel Crisis seems imminent as Tanker Drivers Halt Loading Over Harassment Claims https://www.theinfostride.com/fuel-crisis-looms-as-tanker-drivers-halt-loading-over-harassment-claims/ https://www.theinfostride.com/fuel-crisis-looms-as-tanker-drivers-halt-loading-over-harassment-claims/#respond Wed, 23 Jul 2025 22:00:14 +0000 https://www.theinfostride.com/?p=403886 Nigeria may be on the verge of another fuel crisis as petroleum tanker drivers have suspended loading operations, citing harassment by security agencies and regulatory officials. The drivers allege that they face constant intimidation, extortion, and unnecessary delays at checkpoints, making fuel transportation increasingly difficult. According to the Petroleum Tanker Drivers (PTD) union, members have [...]

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]]> https://www.theinfostride.com/fuel-crisis-looms-as-tanker-drivers-halt-loading-over-harassment-claims/feed/ 0 Deloitte Warns That EU Sustainable Fuel Mandates Could Undermine Airline Viability https://www.theinfostride.com/deloitte-warns-that-eu-sustainable-fuel-mandates-could-undermine-airline-viability/ https://www.theinfostride.com/deloitte-warns-that-eu-sustainable-fuel-mandates-could-undermine-airline-viability/#respond Wed, 23 Jul 2025 14:38:32 +0000 https://www.theinfostride.com/?p=462771 Deloitte has issued a cautionary analysis suggesting that the European Union’s incoming mandates on sustainable aviation fuels (SAFs) may inadvertently weaken the financial viability of EU airlines. While the initiative aims to reduce carbon emissions and accelerate decarbonization, Deloitte warns that without phased implementation, airlines may face escalating costs that challenge competitiveness and operational stability. [...]

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]]> https://www.theinfostride.com/deloitte-warns-that-eu-sustainable-fuel-mandates-could-undermine-airline-viability/feed/ 0 Dangote suspends fuel discount initiative over suspected fraud https://www.theinfostride.com/dangote-suspends-fuel-discount-initiative-over-suspected-fraud/ https://www.theinfostride.com/dangote-suspends-fuel-discount-initiative-over-suspected-fraud/#respond Fri, 18 Jul 2025 08:49:59 +0000 https://www.theinfostride.com/?p=462291 The Dangote Group has suspended its recently introduced fuel discount programme following allegations of widespread fraudulent activities by marketers and distribution agents. The initiative, which was designed to cushion the impact of high pump prices on transporters and logistics operators, came to an abrupt halt as the conglomerate began investigating irregularities surrounding the scheme’s implementation. [...]

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]]> https://www.theinfostride.com/dangote-suspends-fuel-discount-initiative-over-suspected-fraud/feed/ 0 Marketers Urge Caution Over Proposed Fuel Import Ban Amid Refining Capacity Concerns https://www.theinfostride.com/marketers-urge-caution-over-proposed-fuel-import-ban-amid-refining-capacity-concerns/ https://www.theinfostride.com/marketers-urge-caution-over-proposed-fuel-import-ban-amid-refining-capacity-concerns/#respond Sun, 11 May 2025 22:52:34 +0000 https://www.theinfostride.com/?p=410287 Oil marketers across Nigeria have issued a cautionary note to the federal government, advising against a hasty implementation of a fuel import ban. They argue that the country’s current refining capacity is insufficient to meet domestic demand, and an abrupt policy shift could lead to fuel shortages and price hikes. Industry Leaders Voice Concerns The [...]

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]]> https://www.theinfostride.com/marketers-urge-caution-over-proposed-fuel-import-ban-amid-refining-capacity-concerns/feed/ 0 PMS Cost May Drop Further as Crude Prices Fall https://www.theinfostride.com/pms-cost-may-drop-further-as-crude-prices-fall/ https://www.theinfostride.com/pms-cost-may-drop-further-as-crude-prices-fall/#respond Thu, 06 Mar 2025 23:42:22 +0000 https://www.theinfostride.com/?p=404701 The pump price of Premium Motor Spirit (PMS), commonly known as petrol, may decline further as global crude oil prices continue to trend downward. Industry analysts suggest that if the current decline in crude prices persists, the cost of refined petroleum products, including PMS, could see additional reductions in the coming weeks. Recent market data [...]

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]]> https://www.theinfostride.com/pms-cost-may-drop-further-as-crude-prices-fall/feed/ 0 Insecurity Fuels Smuggling Crisis in Borno, Say Customs https://www.theinfostride.com/insecurity-fuels-smuggling-crisis-in-borno-say-customs/ https://www.theinfostride.com/insecurity-fuels-smuggling-crisis-in-borno-say-customs/#respond Sun, 24 Nov 2024 18:47:34 +0000 https://www.theinfostride.com/?p=395550 The Nigeria Customs Service (NCS) has attributed the rising incidence of fuel smuggling in Borno State to widespread insecurity in the region. This revelation highlights the challenges of maintaining border integrity and combating illicit trade in an area plagued by insurgency and weak security infrastructure. Speaking at a press briefing, the Comptroller of Customs in [...]

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]]> https://www.theinfostride.com/insecurity-fuels-smuggling-crisis-in-borno-say-customs/feed/ 0 Nigeria’s Financial Difficulty Is Largely Linked To Its Reliance On Fuel Importation – Pastor Adeboye https://www.theinfostride.com/nigerias-financial-difficulty-is-largely-linked-to-its-reliance-on-fuel-importation-pastor-adeboye/ https://www.theinfostride.com/nigerias-financial-difficulty-is-largely-linked-to-its-reliance-on-fuel-importation-pastor-adeboye/#respond Fri, 15 Nov 2024 21:40:12 +0000 https://www.theinfostride.com/?p=394356 The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor E.A. Adeboye has come out to say that without divine intervention, the exchange rate could have risen to N10,000 per $1. He recently had his say while speaking at the Special Holy Ghost Congress in Abuja, and Nigerians have been reacting. According to [...]

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]]> https://www.theinfostride.com/nigerias-financial-difficulty-is-largely-linked-to-its-reliance-on-fuel-importation-pastor-adeboye/feed/ 0 Dangote Warns Against New Depot Blending Substandard Fuel https://www.theinfostride.com/dangote-warns-against-new-depot-blending-substandard-fuel/ https://www.theinfostride.com/dangote-warns-against-new-depot-blending-substandard-fuel/#respond Mon, 04 Nov 2024 21:27:29 +0000 https://www.theinfostride.com/?p=393124 Aliko Dangote, the prominent Nigerian industrialist and founder of the Dangote Group, has raised an alarm regarding the blending and distribution of substandard fuel by a new depot in Nigeria. Dangote voiced concerns over the quality of fuel being circulated in parts of the country, emphasizing that such practices could have detrimental effects on vehicles, [...]

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]]> https://www.theinfostride.com/dangote-warns-against-new-depot-blending-substandard-fuel/feed/ 0 High Fuel Prices and Power Outages Expected to Drive Increased Solar Adoption in Nigeria https://www.theinfostride.com/high-fuel-prices-and-power-outages-expected-to-drive-increased-solar-adoption-in-nigeria/ https://www.theinfostride.com/high-fuel-prices-and-power-outages-expected-to-drive-increased-solar-adoption-in-nigeria/#respond Sun, 03 Nov 2024 21:16:04 +0000 https://www.theinfostride.com/?p=393056 As Nigeria grapples with escalating fuel prices and frequent power supply disruptions, solar energy is emerging as a crucial alternative for households and businesses seeking stability in their energy supply. Rising costs and an unreliable national grid have intensified interest in solar energy solutions across the country, according to industry experts, who predict that these [...]

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]]> https://www.theinfostride.com/high-fuel-prices-and-power-outages-expected-to-drive-increased-solar-adoption-in-nigeria/feed/ 0 Dangote Urges NNPC and Marketers to Cease Fuel Imports, Citing Domestic Sufficiency https://www.theinfostride.com/dangote-urges-nnpc-and-marketers-to-cease-fuel-imports-citing-domestic-sufficiency/ https://www.theinfostride.com/dangote-urges-nnpc-and-marketers-to-cease-fuel-imports-citing-domestic-sufficiency/#respond Wed, 30 Oct 2024 21:48:16 +0000 https://www.theinfostride.com/?p=392750 Aliko Dangote, the prominent Nigerian businessman and founder of Dangote Group, has made a compelling case for the Nigerian National Petroleum Corporation (NNPC) and fuel marketers to halt fuel imports, asserting that Nigeria possesses sufficient domestic resources to meet its fuel needs. His remarks come in light of ongoing discussions about Nigeria’s energy sector, particularly [...]

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]]> https://www.theinfostride.com/dangote-urges-nnpc-and-marketers-to-cease-fuel-imports-citing-domestic-sufficiency/feed/ 0 Fuel Price Hike Is Nigeria’s Main Problem, Not Me – Bobrisky https://www.theinfostride.com/fuel-price-hike-is-nigerias-main-problem-not-me-bobrisky/ https://www.theinfostride.com/fuel-price-hike-is-nigerias-main-problem-not-me-bobrisky/#respond Thu, 10 Oct 2024 12:00:27 +0000 https://www.theinfostride.com/?p=390766 Popular crossdresser, Bobrisky has come out to react to the rising fuel prices in the country. He recently had his say via his social media page, and fans have been reacting. According to him, it is funny how the cost of fuel has now reached N1,065 per litre, but Nigerians still think he is the [...]

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]]> https://www.theinfostride.com/fuel-price-hike-is-nigerias-main-problem-not-me-bobrisky/feed/ 0 NNCPL Saying They Bought Fuel At ₦898 Per Litre Is Misleading – Dangote Refinery https://www.theinfostride.com/nncpl-saying-they-bought-fuel-at-%e2%82%a6898-per-litre-is-misleading-dangote-refinery/ https://www.theinfostride.com/nncpl-saying-they-bought-fuel-at-%e2%82%a6898-per-litre-is-misleading-dangote-refinery/#respond Mon, 16 Sep 2024 15:20:52 +0000 https://www.theinfostride.com/?p=389348 Dangote Refinery has come out to respond to the claim by NNPC that it bought fuel at 898 naira per litre from the local refinery. Spokesperson of the NNPCL, Olufemi Soneye had said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N760 per litre is incorrect. For [...]

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]]> https://www.theinfostride.com/nncpl-saying-they-bought-fuel-at-%e2%82%a6898-per-litre-is-misleading-dangote-refinery/feed/ 0 Tragic Fuel Tanker Explosion Claims Over 30 Lives on Agaie-Bida Road in Niger State https://www.theinfostride.com/tragic-fuel-tanker-explosion-claims-over-30-lives-on-agaie-bida-road-in-niger-state/ https://www.theinfostride.com/tragic-fuel-tanker-explosion-claims-over-30-lives-on-agaie-bida-road-in-niger-state/#respond Sun, 08 Sep 2024 12:00:26 +0000 https://www.theinfostride.com/?p=388684 In a tragic incident that unfolded on Sunday morning, at least thirty people lost their lives in a devastating fuel tanker explosion along the Agaie-Bida road in Niger State. The explosion occurred following a collision between a fuel tanker and a trailer loaded with cattle, which was en route to Lagos State from Wudil, Kano [...]

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]]> https://www.theinfostride.com/tragic-fuel-tanker-explosion-claims-over-30-lives-on-agaie-bida-road-in-niger-state/feed/ 0 Lagos commuters face skyrocketing bus fares as fuel crisis deepens https://www.theinfostride.com/lagos-commuters-face-skyrocketing-bus-fares-as-fuel-crisis-deepens/ https://www.theinfostride.com/lagos-commuters-face-skyrocketing-bus-fares-as-fuel-crisis-deepens/#respond Mon, 29 Apr 2024 18:12:45 +0000 https://www.theinfostride.com/?p=376921 Fuel scarcity in the state and other major cities has led to higher fares and longer waits for Lagos residents dependent on public transportation for work and business. The tricycles and buses crucial for their daily commutes are scarce, as they face difficulties obtaining fuel. Many filling stations have stopped selling fuel, and those that [...]

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]]> https://www.theinfostride.com/lagos-commuters-face-skyrocketing-bus-fares-as-fuel-crisis-deepens/feed/ 0 Tanker Drivers Threaten to Stop Petrol Lifting on Monday https://www.theinfostride.com/tanker-drivers-threaten-to-stop-petrol-lifting-on-monday/ https://www.theinfostride.com/tanker-drivers-threaten-to-stop-petrol-lifting-on-monday/#respond Sun, 18 Feb 2024 16:15:01 +0000 https://www.theinfostride.com/?p=370860 Tanker drivers in Nigeria are reportedly threatening to halt the lifting of petrol from Monday, raising concerns about potential disruptions to the supply chain and availability of petroleum products. The threat is said to be in response to unresolved issues, including compensation and working conditions. As Infostride News closely monitors these developments, comprehensive coverage will [...]

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]]> https://www.theinfostride.com/tanker-drivers-threaten-to-stop-petrol-lifting-on-monday/feed/ 0 Marketers Express Concern as NNPCL Delays Fuel Supply https://www.theinfostride.com/marketers-express-concern-as-nnpcl-delays-fuel-supply/ https://www.theinfostride.com/marketers-express-concern-as-nnpcl-delays-fuel-supply/#respond Wed, 24 Jan 2024 21:20:03 +0000 https://www.theinfostride.com/?p=368555 In a development that has raised concerns among fuel marketers, the Nigerian National Petroleum Corporation Limited (NNPCL) is reportedly experiencing delays in the supply of fuel. This delay has prompted reactions from marketers who are expressing their dissatisfaction with the situation, highlighting potential implications for the fuel supply chain and the broader economy. **Marketers’ Frustrations:** [...]

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]]> https://www.theinfostride.com/marketers-express-concern-as-nnpcl-delays-fuel-supply/feed/ 0 Fuel Frenzy: N660-N700/Liter Prices Spark Concern in Six Nigerian States https://www.theinfostride.com/fuel-frenzy-n660-n700-liter-prices-spark-concern-in-six-nigerian-states/ https://www.theinfostride.com/fuel-frenzy-n660-n700-liter-prices-spark-concern-in-six-nigerian-states/#respond Wed, 20 Dec 2023 20:16:33 +0000 https://www.theinfostride.com/?p=364954 Petrol prices in Nigeria are witnessing a surge, ranging from N660 to N700 per litre across various states, as reported by Infostride News on Monday, December 18. The increase in fuel costs is attributed to multiple factors, with the yuletide season exacerbating the upward trend. A critical driver behind this surge is the removal of [...]

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]]> https://www.theinfostride.com/fuel-frenzy-n660-n700-liter-prices-spark-concern-in-six-nigerian-states/feed/ 0 Oluwarotimi Fashola Links High Diesel Costs, Flooding, and More to Impact on Local Rice Prices https://www.theinfostride.com/oluwarotimi-fashola-links-high-diesel-costs-flooding-and-more-to-impact-on-local-rice-prices/ https://www.theinfostride.com/oluwarotimi-fashola-links-high-diesel-costs-flooding-and-more-to-impact-on-local-rice-prices/#respond Mon, 11 Dec 2023 08:45:11 +0000 https://www.theinfostride.com/?p=363852 In an exclusive interview with Infostride News on Thursday, Dr. Oluwarotimi Fashola, the Special Adviser to the Governor of Lagos State on Agriculture, shed light on critical factors contributing to the escalating costs in local rice production. Fashola underscored the significant impact of erratic rainfall patterns and the recent surge in diesel prices as primary [...]

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]]> https://www.theinfostride.com/oluwarotimi-fashola-links-high-diesel-costs-flooding-and-more-to-impact-on-local-rice-prices/feed/ 0 Quietly, Fuel Marketers Edge Prices to N625-630 per Liter in Abuja https://www.theinfostride.com/quietly-fuel-marketers-edge-prices-to-n625-630-per-liter-in-abuja/ https://www.theinfostride.com/quietly-fuel-marketers-edge-prices-to-n625-630-per-liter-in-abuja/#respond Fri, 20 Oct 2023 21:38:35 +0000 https://www.theinfostride.com/?p=357752 Fuel stations in the Federal Capital Territory of Abuja were observed selling gasoline at elevated prices on Friday, October 20, with rates ranging from N625 to N630 per liter, as reported by Infostride News. Infostride News conducted a review and uncovered the following pricing details: 1. Conoil station in Central Area was selling fuel at [...]

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]]> https://www.theinfostride.com/quietly-fuel-marketers-edge-prices-to-n625-630-per-liter-in-abuja/feed/ 0 NNPC Retail assures 30-day fuel supply amidst queues https://www.theinfostride.com/nnpc-retail-assures-30-day-fuel-supply-amidst-queues/ https://www.theinfostride.com/nnpc-retail-assures-30-day-fuel-supply-amidst-queues/#respond Thu, 19 Oct 2023 21:54:59 +0000 https://www.theinfostride.com/?p=357662 NNPC Retail, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has declared that it possesses a strategic fuel reserve of at least 30 days. The announcement was disseminated through its official Twitter account on Thursday, October 19. This statement came in response to the burgeoning fuel queues witnessed at retail stations in various [...]

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]]> https://www.theinfostride.com/nnpc-retail-assures-30-day-fuel-supply-amidst-queues/feed/ 0 Tinubu Has No Control Over The Price Of Fuel – Reno Omokri https://www.theinfostride.com/tinubu-has-no-control-over-the-price-of-fuel-reno-omokri/ https://www.theinfostride.com/tinubu-has-no-control-over-the-price-of-fuel-reno-omokri/#respond Wed, 19 Jul 2023 17:16:03 +0000 https://www.theinfostride.com/?p=351120 Ex Presidential aide, Reno Omokri has come out to say that Tinubu may lose the huge support base he started off with on May 29, 2023 if he does not lead the way in facilitating an increase in minimum wage. He recently had his say via his social media page, and fans have been reacting. [...]

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]]> https://www.theinfostride.com/tinubu-has-no-control-over-the-price-of-fuel-reno-omokri/feed/ 0 EU Drafts Plan For Buying Fuel From Russia Without Breach Of Sanctions https://www.theinfostride.com/eu-drafts-plan-for-buying-fuel-from-russia-without-breach-of-sanctions/ https://www.theinfostride.com/eu-drafts-plan-for-buying-fuel-from-russia-without-breach-of-sanctions/#respond Sun, 15 May 2022 18:37:48 +0000 https://www.theinfostride.com/?p=324836 The European Union is set to offer its gas importers a solution to avoid a breach of sanctions when buying fuel from Russia and still effectively satisfy President Vladimir Putin’s demands over payment in rubles. In new guidance on gas payments, the European Commission plans to say that companies should make a clear statement that [...]

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]]> https://www.theinfostride.com/eu-drafts-plan-for-buying-fuel-from-russia-without-breach-of-sanctions/feed/ 0 Bad Fuel Has Cost Me N3.7M For Car Repair – Stephanie Coker https://www.theinfostride.com/bad-fuel-has-cost-me-n3-7m-for-car-repair-stephanie-coker/ https://www.theinfostride.com/bad-fuel-has-cost-me-n3-7m-for-car-repair-stephanie-coker/#respond Tue, 15 Mar 2022 14:56:24 +0000 https://www.theinfostride.com/?p=320597 Popular media personality, Stephanie Coker has come out to lament over the recent happenings in the country. She recently had her say via her social media page, and Nigerians have been reacting. According to Stephanie, her 2020 car was damaged by the bad fuel imported into the country and she is currently being charged N3.7M [...]

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]]> https://www.theinfostride.com/bad-fuel-has-cost-me-n3-7m-for-car-repair-stephanie-coker/feed/ 0 It’s impossible for Nigeria to consume up to 70 million liters a day Says Saraki https://www.theinfostride.com/its-impossible-for-nigeria-to-consume-up-to-70-million-liters-a-day-says-saraki/ https://www.theinfostride.com/its-impossible-for-nigeria-to-consume-up-to-70-million-liters-a-day-says-saraki/#respond Mon, 14 Mar 2022 22:45:37 +0000 https://www.theinfostride.com/?p=320565 Former Senate President, Bukola Saraki has challenged the Federal Government’s plans to spend on Petrol subsidy based on 70 million liters a day consumption, stating that Nigeria’s fuel consumption cannot be more than 35 million liters a day, and hinted that Nigeria could be subsidizing fuel for neighboring West African states. This comes as President [...]

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]]> https://www.theinfostride.com/its-impossible-for-nigeria-to-consume-up-to-70-million-liters-a-day-says-saraki/feed/ 0 Confusion as fuel scarcity hits some parts of Lagos https://www.theinfostride.com/confusion-as-fuel-scarcity-hits-some-parts-of-lagos/ https://www.theinfostride.com/confusion-as-fuel-scarcity-hits-some-parts-of-lagos/#respond Tue, 08 Feb 2022 06:48:15 +0000 https://www.theinfostride.com/?p=318087 Massive anxiety and confusion in Lagos as fuel scarcity appears to have hit some parts of the state, especially the island axis. There were unusual long queues of vehicle at various filling stations in Ikoyi, Victoria Island and Lekki, over the weekend trying to buy the Premium Motor Spirit (PMS), otherwise known as petrol, which [...]

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]]> https://www.theinfostride.com/confusion-as-fuel-scarcity-hits-some-parts-of-lagos/feed/ 0 IPMAN Supports FG’s plans to remove fuel subsidy in 2022 https://www.theinfostride.com/ipman-supports-fgs-plans-to-remove-fuel-subsidy-in-2022/ https://www.theinfostride.com/ipman-supports-fgs-plans-to-remove-fuel-subsidy-in-2022/#respond Fri, 26 Nov 2021 19:18:36 +0000 https://www.theinfostride.com/?p=313577 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has established that it backs the Federal Government’s decision to remove subsidy on Premium Motor Spirit (PMS) by 2022. This was made known by IPMAN’s President, Mr Chinedu Okoronkwo, in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos He added t that [...]

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]]> https://www.theinfostride.com/ipman-supports-fgs-plans-to-remove-fuel-subsidy-in-2022/feed/ 0 IPMAN refuses plans by private depots to increase fuel prices https://www.theinfostride.com/ipman-refuses-plans-by-private-depots-to-increase-fuel-prices/ https://www.theinfostride.com/ipman-refuses-plans-by-private-depots-to-increase-fuel-prices/#respond Sat, 23 Oct 2021 22:56:15 +0000 https://www.theinfostride.com/?p=311094 The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano State has alerted the Federal Government of a decision by some private depot owners to raise the pump price of petroleum products in order to cause a fresh fuel crisis in the country PMAN Chairman Kano chapter, Bashir Danmallam, made the accusations in a statement issued [...]

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]]> https://www.theinfostride.com/ipman-refuses-plans-by-private-depots-to-increase-fuel-prices/feed/ 0 Iran is ready to ship more fuel to Lebanon if needed https://www.theinfostride.com/iran-is-ready-to-ship-more-fuel-to-lebanon-if-needed/ https://www.theinfostride.com/iran-is-ready-to-ship-more-fuel-to-lebanon-if-needed/#respond Mon, 23 Aug 2021 22:54:42 +0000 https://www.theinfostride.com/?p=304640 Iran says it is ready to ship more fuel to Lebanon if needed, a day after the leader of Lebanon’s Iran-aligned Hezbollah group said more vessels carrying Iranian fuel would sail soon to help ease the country’s energy crisis. Hezbollah’s foes in Lebanon have warned of dire consequences from the purchase, saying it risked sanctions [...]

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]]> https://www.theinfostride.com/iran-is-ready-to-ship-more-fuel-to-lebanon-if-needed/feed/ 0 PIB: Nigerian government to limit petrol importation to local refiners https://www.theinfostride.com/pib-nigerian-government-to-limit-petrol-importation-to-local-refiners/ https://www.theinfostride.com/pib-nigerian-government-to-limit-petrol-importation-to-local-refiners/#respond Tue, 13 Jul 2021 06:56:35 +0000 https://www.theinfostride.com/?p=300550 The senate has recommended that the importation of Premium Motor Spirit (PMS), popularly known as petrol, be limited to holders of local refining licence. This is according to the Petroleum Industry Bill (PIB) passed by the senate. Holders of crude oil refining licences in Nigeria include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company [...]

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]]> https://www.theinfostride.com/pib-nigerian-government-to-limit-petrol-importation-to-local-refiners/feed/ 0 Ardova acquires Enyo retail outlets https://www.theinfostride.com/ardova-acquires-enyo-retail-outlets/ https://www.theinfostride.com/ardova-acquires-enyo-retail-outlets/#respond Thu, 17 Jun 2021 00:03:26 +0000 https://www.theinfostride.com/?p=297500 Ardova Plc, an indigenous energy company, says it has acquired a 100 percent equity stake in Enyo Retail and Supply Holding in a share purchase agreement. A share purchase agreement is an agreement or the sale and purchase of a stated number of shares at an agreed price. Oladeinde Nelson-Cole, Ardova’s company secretary, made this [...]

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]]> https://www.theinfostride.com/ardova-acquires-enyo-retail-outlets/feed/ 0 How to end fuel subsidy dilemma, by Kyari. https://www.theinfostride.com/how-to-end-fuel-subsidy-dilemma-by-kyari/ https://www.theinfostride.com/how-to-end-fuel-subsidy-dilemma-by-kyari/#respond Thu, 10 Jun 2021 23:05:23 +0000 https://www.theinfostride.com/?p=296820 Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has declared that the country can no longer sustain subsidy, insisting that the corporation has been burdened by the fuel subsidy dilemma even without budgetary provisions. He made the assertion, yesterday, when he appeared before the Senate Committee on Anticorruption and Financial Crimes [...]

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]]> https://www.theinfostride.com/how-to-end-fuel-subsidy-dilemma-by-kyari/feed/ 0 Nigeria Should End Fuel Subsidy – IMF https://www.theinfostride.com/nigeria-should-end-fuel-subsidy-imf/ Fri, 12 Apr 2019 12:23:07 +0000 https://www.theinfostride.com/?p=230921 The International Monetary Fund (IMF) has advised Nigeria and other nations still subsidising fuel for domestic use to refrain from such act. The IMF said fuel subsidy removal would help develop revenue and improve on local infrastructure development. The IMF President, Christine Lagarde, shed light this yesterday in Washington DC at a news conference during [...]

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]]> We Should Not Be Importing Fuel By December – Ibe kachukwu https://www.theinfostride.com/we-should-not-be-importing-fuel-by-december-ibe-kachukwu/ Sat, 06 Oct 2018 02:53:31 +0000 https://www.theinfostride.com/?p=217954 Dr Ibe kachukwu has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation of petroleum products is curtailed. Kachukwu stated this on Thursday in Ibigwe-Ohaji in Ohaji\Egbema council area of Imo during the [...]

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]]> Some Bad Eggs In The Industry Caused Fuel Shortage — Maikanti Baru https://www.theinfostride.com/some-bad-eggs-in-the-industry-caused-fuel-shortage-maikanti-baru/ Thu, 11 Jan 2018 06:52:49 +0000 https://www.theinfostride.com/?p=195833 Maikanti Baru has said the country has seen the last of fuel scarcity. “I want to assure Nigerians that the fuel shortage has been dealt with,” Baru started. “The fuel shortage was as a result of the activities of some bad eggs in the industry. They caused many Nigerians to celebrate last year Christmas in [...]

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]]> Ibe Kachikwu Never Insinuated The Need To Increase Fuel Price – Idang Alibi https://www.theinfostride.com/ibe-kachikwu-never-insinuated-the-need-to-increase-fuel-price-idang-alibi/ Fri, 05 Jan 2018 23:32:32 +0000 https://www.theinfostride.com/?p=195345 Dr Ibe Kachikwu has denied news reports that the Federal Government is planning to increase the pump price of petrol, which is currently being sold at N145 per litre. A statement issued on Thursday night, January 4, 2018 by the Director of Press in the ministry, Idang Alibi clarified things up. “The Ministry of Petroleum [...]

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]]> Fuel Price Increase Will Happen – Reno Omokri https://www.theinfostride.com/fuel-price-increase-will-happen-reno-omokri/ Mon, 01 Jan 2018 12:42:59 +0000 http://www.theinfostride.com/?p=194835 Reno Omokri has stated that of “these 17 so called achievements, there is nothing tangible like a road built or a refinery started.” He proceeded: “The Buhari administration counts exiting a recession that it put Nigeria into as its greatest achievement of 2017! This government is the definition of cluelessness! We exited recession by growing [...]

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]]> Selling Fuel At N145 Per Litre Is No Longer Feasible – Emmanuel Iheanacho https://www.theinfostride.com/selling-fuel-at-n145-per-litre-is-no-longer-feasible-emmanuel-iheanacho/ Sat, 30 Dec 2017 08:25:09 +0000 http://www.theinfostride.com/?p=194646 Capt. Emmanuel Iheanacho has linked the constant scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC). Iheanacho said that this was not realistic for marketers to import and sell at that rate. “The selling of the product at N145 per litre is no longer feasible with the current exchange [...]

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]]> Fuel Shortages Will End Soon- Yemi Osinbajo https://www.theinfostride.com/fuel-shortages-will-end-soon-yemi-osinbajo/ Wed, 27 Dec 2017 04:05:47 +0000 http://www.theinfostride.com/?p=194319 Vice-President Yemi Osinbajo will be visiting fuel depots in Lagos asap to monitor the loading of trucks and to ensure steady supply of petrol to designated filling stations. A statement read: “This morning the Vice-President is visiting fuel depots in Lagos to monitor the loading of trucks, and to ensure distribution is going on without [...]

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]]> We Are Doing Everything Possible To Resolve The Fuel Shortages – Yemi Osinbajo https://www.theinfostride.com/we-are-doing-everything-possible-to-resolve-the-fuel-shortages-yemi-osinbajo/ Tue, 26 Dec 2017 02:42:23 +0000 http://www.theinfostride.com/?p=194008 Vice-President Yemi Osinbajo will be visiting fuel depots in Lagos asap to monitor the loading of trucks and to ensure steady supply of petrol to designated filling stations. A statement read: “This morning the Vice-President is visiting fuel depots in Lagos to monitor the loading of trucks, and to ensure distribution is going on without [...]

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]]> Nigerians Spend $5bn Yearly To Fuel Generators – Yakubu Dogara https://www.theinfostride.com/nigerians-spend-5bn-yearly-to-fuel-generators-yakubu-dogara/ Thu, 20 Jul 2017 01:11:09 +0000 http://www.theinfostride.com/?p=172745 The House of Representatives has expressed worry over the recent statistics that Nigerians spend an estimated $5 billion yearly on fuel generators. The Speaker, Mr. Yakubu Dogara , said the figure indicates the extent of collapse in the country’s power sector, which he said must be fixed urgently. Dogara stated this in Abuja on Tuesday, [...]

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]]> No Plan To Increase Fuel Price – PPPRA https://www.theinfostride.com/no-plan-to-increase-fuel-price-pppra/ Tue, 11 Apr 2017 08:10:35 +0000 http://www.theinfostride.com/?p=161623 Mr Victor Shidok, the Acting Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), on Monday in Abuja said there was no plan to increase the price of petrol. Shidok said this at a joint news briefing with the Executive Secretary of the Petroleum Equalisation Fund (PEF), Alhaji Ahmed Bobboi. Represented by the agency’s [...]

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]]> FG Is Not Owing Fuel Marketers N660B – PPPRA https://www.theinfostride.com/fg-is-not-owing-fuel-marketers-n660b-pppra/ Fri, 20 Jan 2017 00:16:52 +0000 http://www.theinfostride.com/?p=154293 The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday denied reports speculating an imminent fuel scarcity over Federal Government’s inability to pay fuel marketers’ N660 billion debt‎. In a statement released in Abuja by the PPPRA spokesman, Mr Lanre Oladele, the agency said the report was misleading and “a gross misrepresentation of facts”. ‎”There were [...]

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