Tag: FUEL

Fuel Price Drop, CNG Debut, Yet Transport Fares Defy Gravity in Nigeria

Onwuama Arinze Godswill

Fuel Price Drop, CNG Debut, Yet Transport Fares Defy Gravity in Nigeria LAGOS, NIGERIA – Despite a recent dip in petrol pump prices and the government’s ambitious push for Compressed Natural Gas (CNG) as a cheaper alternative fuel, Nigerian commuters are expressing widespread frustration and anger as transportation fares remain stubbornly high across the country. Citizens are questioning the intended benefits of these initiatives, as their daily commute continues to eat deeper into their pockets. For weeks, the news of reduced fuel prices and the touted cost-effectiveness of CNG had…

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Presidential Statement Refutes Petrol Price Surge, Reiterates Commitment to Deregulation Strategy

oluwatobi enitan

President Bola Ahmed Tinubu has restated that there will be no upward adjustment in Petroleum Motor Spirit (PMS) pump prices across the nation, concurrently appealing to citizens for patience as they acclimate to the new administration’s initiatives. In an interaction with State House Correspondents today at the Presidential Villa in Abuja, the Special Adviser on Media and Publicity, Ajuri Ngelale, conveyed that President Tinubu is focused on addressing the inefficiencies spanning the supply, demand, and distribution facets of the downstream sector. This clarification comes as a response to dispel media…

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NOGASA Highlights Refinery Solution as Key to Mitigating Fuel Price Hikes in Nigeria

admin

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has emphasized that the persistent issue of escalating fuel prices will endure until the Federal government effectively addresses the refinery problem. Mr. Benneth Korie, the national president of NOGASA, conveyed this perspective during a press interaction in Abuja on Monday. Korie explained that the elevated costs of diesel and the challenges posed by substandard road conditions stand as the primary drivers behind the elevated fuel prices. He elaborated that transporters are forced to procure diesel at exorbitant rates to fuel…

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