• Contact Us
  • About Us
Tuesday, May 26, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Petrol scarcity: Buhari orders clampdown on hoarders

metro by metro
December 24, 2017
in News
0
0
SHARES
0
VIEWS

President Muhammadu Buhari has sympathized with Nigerians over their suffering occasioned by the  scarcity of petrol across the country, and reassured that the Nigerian National Petroleum Corporation (NNPC) is on top of the situation.

The President, who was reacting to the long queues of motorists at various filling stations across the country, in a statement personally signed by him and posted on his twitter handle, said the scarcity was regrettable.

Read Also

ADC Says Judgment On INEC Timetable Will Push Many Out Of APC

US, Iran Still At Odds On key Issues, Rubio Still Hopeful

Hope For Candidates Seeking Defections As Court Voids INEC Guidelines For 2027 Primaries, Senate, Commission Under Scrutiny

He stated that he was being briefed regularly on the matter by the NNPC and assured that the situation would improve positively in the next few days.

President Buhari disclosed that he had already directed the regulators to step up their surveillance and bring an end to hoarding of the products and price inflation by marketers.

“The fuel scarcity being experienced nationwide is regrettable. I sympathize with all Nigerians on having to endure needless fuel queues.

“I’m being regularly briefed, especially on the NNPC’s interventions to ensure that there is enough petrol available during this period and beyond.

“I have the NNPC’s assurance that the situation will improve significantly over the next few days, as new shipments and supplies are distributed across the country.

“I have also directed the regulators to step up their surveillance and bring an end to hoarding and price inflation by marketers,

“Let me also assure that the relevant agencies will continue to provide updates on the situation. I thank you all for your patience and understanding.”

Correspondents of the News Agency of Nigeria (NAN) monitoring the fuel situation reported that a litre of fuel now sells for between N175 and N250 in most filling stations owned by the independent petroleum product marketers across the country.

A motorist in Mararaba, Alhaji Mansur Mande told NAN that he bought 4-litre gallon of fuel at the cost of N1,200 on Saturday.

A NAN correspondent in Enugu who visited the filling stations in the city on Sunday observed that the product was sold for N250 per litre.

NAN, however, observed that major marketers like Total, Oando and NNPC filling stations were selling the product at the official price of N145 per litre but in chaotic situations and endless queues at the stations.

Similar chaotic situations are being reported from other parts of the country including Lagos, Sokoto, Kano Port Harcourt and Ibadan.

Tags: Petrol scarcity
Previous Post

We can no longer import, sell fuel at N145/litre — Marketers

Next Post

Afreximbank, Islamic Corporation sign $100m loan deal for SMEs

Related Posts

BREAKING: David Mark-Led ADC Leadership Restored As Supreme Court Voids ‘Status Quo Ante Bellum’ Order 
News

ADC Says Judgment On INEC Timetable Will Push Many Out Of APC

May 22, 2026
US, Iran Still At Odds On key Issues, Rubio Still Hopeful
News

US, Iran Still At Odds On key Issues, Rubio Still Hopeful

May 22, 2026
Federal High Court Reverses Ratification Of Joyce Oduah’s Suspension As NBA Secretary General
News

Hope For Candidates Seeking Defections As Court Voids INEC Guidelines For 2027 Primaries, Senate, Commission Under Scrutiny

May 22, 2026
Patriots Raise Concern Over Rising Insecurity, Poverty Ahead Of 2027 Elections 
News

Patriots Raise Concern Over Rising Insecurity, Poverty Ahead Of 2027 Elections 

May 22, 2026
Next Post

Afreximbank, Islamic Corporation sign $100m loan deal for SMEs

AFRICA IS NOT WAITING

May 25, 2026
Equip Auto SAS France Expands Into  SSA With Launch Of Equip Auto Côte d’Ivoire Expo 

Equip Auto SAS France Expands Into  SSA With Launch Of Equip Auto Côte d’Ivoire Expo 

May 25, 2026
Trump Swears In Warsh To Lead US Federal Reserve

Trump Swears In Warsh To Lead US Federal Reserve

May 22, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version