• Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Friday, June 6, 2025
  • Login
  • Register
9Ja Spectators
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News
No Result
View All Result
9Ja Spectators
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News
No Result
View All Result
9Ja Spectators
No Result
View All Result
Home News

Petrol Crisis: NNPCL Halts Sales to Independent Marketers as Fuel Prices Surge

Reporter by Reporter
in News
Reading Time: 3 mins read
A A
0
New Fuel Prices Announced by NNPCL for Various States (PHOTOS)
152
SHARES
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

The Nigerian National Petroleum Corporation Limited (NNPCL) has reportedly halted the sale of Premium Motor Spirit (PMS), commonly known as petrol, to independent marketers following a price increase implemented earlier this week. On Tuesday, NNPCL raised the cost of petrol to N855 and above across its retail outlets nationwide, significantly impacting fuel prices and causing transportation fares to escalate.

Despite three vessels docking at the Apapa jetty in Lagos on Wednesday, the petrol supply situation has become dire. Commuters across Nigeria faced severe disruptions, with many stranded or forced to trek long distances due to worsening fuel queues. Many commercial motorists limited their operations, expressing dissatisfaction with the recent hike.

Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), voiced concerns over the NNPCL’s sudden decision to restrict fuel sales to independent marketers without any prior communication, despite some awaiting product shipments for over two months. He noted that independent marketers were reporting prices as high as N1,200 to N1,300 per litre in several states following the NNPCL’s price adjustment.

RelatedPosts

Oba Ladoja Extends Eid-El-Kabir Greetings to Muslims in Ibadan, Oyo State, and Across Nigeria

Wike Delivers Lecture on ‘The Nigeria of Our Dreams’ at Obafemi Awolowo University

Veteran Actor Jide Alabi Returns to Nollywood After Media Career

“Most of us haven’t been able to load fuel due to the suspension. The tickets we submitted have not been processed,” Fashola stated. “It’s frustrating, especially for those who prepaid for their orders.”

Fashola further underscored the reliance of independent marketers on private depot owners, who charge more, leading to a significant price disparity with major marketers. He signaled ongoing monitoring of the situation, particularly as the Dangote refinery is anticipated to begin supply soon.

In response to the demand for definitive pricing amid the current chaos, Fashola remarked that each filling station sets its own prices, as NNPCL’s pricing policies are binding only at its retail outlets. He emphasized that the current N855 per litre price indicates that NNPCL is still bearing some subsidy costs.

With the fuel crisis worsening, the Trade Union Congress of Nigeria (TUC) has condemned the recent price hikes, urging the Federal Government to swiftly revert to previous rates. TUC President Festus Osifo warned that the increase could lead to further poverty and social unrest.

“Such a sudden increase, especially without stakeholder engagement, reflects a neglect of the welfare of ordinary Nigerians,” Osifo stated.

Protests erupted in several states, including a significant demonstration in Delta State, where commercial tricycle operators and local residents took to the streets to express their discontent over the fuel price surge. They called for immediate government intervention.

As the petroleum sector remains in turmoil, many Nigerians witnessed transport fares increase markedly. In Lagos, some fuels stations listed prices exceeding N1,000 per litre, compelling residents in border areas to pay as much as N1,600 from black marketers.

While NNPCL insists it did not mandate the price increase, the adjustments at its stations have left consumers confused and frustrated. Commuters voiced their frustration over the rising costs, and many have adjusted their transport options, turning to bicycles and walking due to unaffordable fares.

As the nation’s fuel administration approaches a pivotal moment with the anticipated contributions from Dangote refinery, stakeholders await clarity on the pricing dynamics that will follow and hope for a resolution to the ongoing crisis, which has beleaguered Nigerian citizens in their daily lives.

Tags: 9jaspectatorsAliko DangoteDangote Petrol priceDangote refineryNigeria Fuel Prices SurgeNNPCL Halts Sales to Independent MarketersPetrol Crisispetrol price increaseSpectatorsspectatorsng
Previous Post

Nigerian Students Declare Nationwide Protest Over Fuel Price Hike … To Shutdown Major Cities in Nigeria

Next Post

Naira Falls to Six-Month Low Against Dollar at N1,625.88/$1

Related Posts

Oba Ladoja Extends Eid-El-Kabir Greetings to Muslims in Ibadan, Oyo State, and Across Nigeria
News

Oba Ladoja Extends Eid-El-Kabir Greetings to Muslims in Ibadan, Oyo State, and Across Nigeria

by Reporter
Trump Bans 19 Countries from Entering US (SEE FULL LIST)
News

Trump Bans 19 Countries from Entering US (SEE FULL LIST)

by Reporter
PDP’s Wike to Lead Tinubu’s 2027 Presidential Campaign
News

PDP’s Wike to Lead Tinubu’s 2027 Presidential Campaign

by Reporter
Next Post
Naira Falls to Six-Month Low Against Dollar at N1,625.88/$1

Naira Falls to Six-Month Low Against Dollar at N1,625.88/$1

Leave a ReplyCancel reply

Oba Ladoja Extends Eid-El-Kabir Greetings to Muslims in Ibadan, Oyo State, and Across Nigeria

Oba Ladoja Extends Eid-El-Kabir Greetings to Muslims in Ibadan, Oyo State, and Across Nigeria

by Reporter
0

Oba Rashidi Adewolu Ladoja, the Otun Olubadan of Ibadanland, has extended his heartfelt felicitations to Muslim faithful in Ibadanland, Oyo...

Wike Delivers Lecture on ‘The Nigeria of Our Dreams’ at Obafemi Awolowo University

Wike Delivers Lecture on ‘The Nigeria of Our Dreams’ at Obafemi Awolowo University

by Reporter
0

●Calls for Leadership, Infrastructure, and Unity to Reclaim Nigeria’s Potential By Taiwo Oluwadare His Excellency, Ezenwo Nyesom Wike, on Thursday,...

Veteran Actor Jide Alabi Returns to Nollywood After Media Career

Veteran Actor Jide Alabi Returns to Nollywood After Media Career

by Reporter
0

Renowned veteran actor Jide Alabi, once a household name for his roles in popular TV series and films such as...

Trump Bans 19 Countries from Entering US (SEE FULL LIST)

Trump Bans 19 Countries from Entering US (SEE FULL LIST)

by Reporter
0

President Donald Trump on Wednesday reinstated a sweeping travel ban affecting nearly 20 countries, reviving one of the most contentious...

No Result
View All Result
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News

© 2023 SpectatorsNG

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In