• Contact Us
  • About Us
Thursday, April 16, 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

Court Summons Doris Ogala Over False Allegations Against Dr. Chris Okafor

US, Iran May Resume Talks Soon  Despite Port Blockade

Nigerian Airstrike Hits Market, 200 Feared Dead In Northeast Yobe State-Reuters

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

All Calm As Court Reaffirms Protection Of Chris Okafor’s Rights
News

Court Summons Doris Ogala Over False Allegations Against Dr. Chris Okafor

April 14, 2026
US, Iran May Resume Talks Soon  Despite Port Blockade
News

US, Iran May Resume Talks Soon  Despite Port Blockade

April 14, 2026
Nigerian Airstrike Hits Market, 200 Feared Dead In Northeast Yobe State-Reuters
News

Nigerian Airstrike Hits Market, 200 Feared Dead In Northeast Yobe State-Reuters

April 12, 2026
Trump
News

Trump Vows To Blockade Strait Of Hormuz After Iran Peace Talks Stumble

April 12, 2026
Next Post

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

Cellulant Appoints Anthony Hernandez as Chief Operating Officer to Lead AI-enabled Customer Operations Strategy and Strengthen Execution

April 15, 2026

Sudan’s war on women: The number of people in need of sexual violence support quadruples as abuse of women and girls becomes the blueprint of war, three years on

April 15, 2026
All Calm As Court Reaffirms Protection Of Chris Okafor’s Rights

Court Summons Doris Ogala Over False Allegations Against Dr. Chris Okafor

April 14, 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