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Threat of Petrol Scarcity, Price Hikes, Has Nigerians Scrambling

Fuel queues are forming at filling stations across Nigeria over fears of a rise in petrol costs and scarcity, even as the government's Nigerian National Petroleum Corporation (NNPC) promised consumers that prices would remain stable, with no price increases in March. The NNPC has also cautioned sellers and buyers against hoarding and panic-buying. With food inflation at an 11-year high, Nigeria risks a backlash if it allows fuel costs to go up in line with the rebound in crude in international markets. Labour unions have warned of protests if increases are announced. Nigeria is facing its second recession in five years, triggered by a crash in oil prices that has hammered state revenue, creating large financing needs and weakening the naira.

Nigeria: Petrol Price Hits N170 Per Litre As Scarcity Persists

Vanguard, 3 March 2021

Despite assurances, many oil marketers, yesterday, continued to sell petrol at an average of N170 per litre in different parts of the country, according to Vanguard investigation. Read more »
Nigeria: NNPC Says No Increase in Fuel Price in March

Premium Times, 1 March 2021

The response came amidst reports of possible increase in the price of petrol that has dominated the public space. Read more »
Nigeria: Residents Groan As Fuel Scarcity Resurfaces in Abuja

Daily Trust, 2 March 2021

Residents of Abuja, the federal capital city, have groaned over soaring fares as long queues have resurfaced at filling stations in the city, amid concerns that there would be… Read more »
Nigeria: Fuel Hoarding - DPR Threatens to Shut Down Erring Filling Stations

Leadership, 3 March 2021

The Department of Petroleum Resources (DPR) has said it will not hesitate to shut down filling stations that are found to be hoarding fuel. Read more »
Nigeria: Fuel Queues - We've Enough Petrol to Last for 40 Days, Says APC

This Day, 3 March 2021

The leadership of the All Progressives Congress (APC) said it has been given assurances by the Minister of State for Petroleum Resources, Mr. Timipre Sylva and the Group Managing… Read more »
Nigeria: Fuel Scarcity - Black Marketers Take Over Abuja, Lagos, Oyo, Others

Leadership, 2 March 2021

Black marketers have taken over the sale of fuel to motorists in many states across the country. Read more »
Nigeria: Anxiety As Fuel Scarcity Hits Lagos, Abuja, Others

Premium Times, 1 March 2021

Many filling stations in Abuja, Lagos, and other cities did not open for business. Read more »