NNPC reports N400bn monthly subsidy spending despite falling oil prices, fuel scarcity
...the price per barrel of crude oil dropped from N50,036 in July 2022 to N38,606 in January 2023, representing a 22.84 percent decrease.
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Amidst Nigeria’s Unending Fuel Scarcity, transport costs and food prices increased in December 2022
The scarcity naturally led to most marketers selling petrol above the official pump price of N169 per litre. Petrol costs as much as N330 per litre in many parts of the country.
Analysis: Why is there petrol scarcity?
For weeks (in some places for months), there has been a scarcity of petrol across the country. The scarcity has heralded long queues at filling stations, and many stations are selling at prices that are way higher than the official pump price per litre. In many parts of the country, petrol is sold for as high as N250 per litre as opposed to the official rate of N165.
How fuel scarcity, rising inflation is affecting SMEs
“Whether you make sales or not, you will pay money daily for electricity,” a trader told Dataphyte, revealing that he and his boss (the owner of the business), depending on the business thriving and a lower cost of running the business to live daily.
Inflation Rates may Rise again as Fuel Scarcity Returns to the FCT
Weeks after Nigeria experienced harrowing fuel scarcity, blamed largely on the rising prices of crude oil globally amidst the Russia-Ukraine crisis and the dirty fuel saga, another wave of fuel scarcity is looming in the country. Queues are again getting longer in the country’s Federal Capital Territory, Abuja.
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Fuel Scarcity, Poor Power Supply Affect Business Owners in Ogun State
Electricity is not doing much better as the country was thrown into darkness after the national electricity grid collapsed. All the eleven (11) electricity distribution companies (Discos) in Nigeria were affected.
Fuel Scarcity: Makurdi Residents Buy Fuel at N260 Per Litre
On a hot Sunday afternoon on the 6th of March 2022, Johnson Agwaza drove around town searching for fuel. After driving around the streets of Makurdi, the capital city of Benue State for some time, he finally finds a filling station selling fuel and only with a short queue.
Fuel Scarcity is Causing Increase in Transportation, Food Costs
Fuel scarcity took a much worse turn at the beginning of February and one month in, the fuel queues have remained long.