#DailyDataCard: Diesel and petrol sold highest in Kano and Taraba in September 2023
#DailyDataCard: Diesel and petrol sold highest in Kano and Taraba in September 2023
Tag
Subsidy Removal: OPEC quota cut may force Nigerians to pay more than N530/litre for Petrol
For a post-oil subsidy regime in Nigeria, a surge in global oil prices may lead to an increase in pump prices for Nigerians over the coming months.
Controversy rages over Nigeria’s post-subsidy future
“We can’t be spending those amounts on petrol subsidies when education, infrastructure and security are suffering. It is simply a waste of money,” he noted.
Tinubu has his work cut out for him in Nigeria’s opaque oil industry
By May 2023, Chief Bola Tinubu is expected to be sworn in, having been announced as the president-elect by the Independent National Electoral Commission, after a contentious February 25 election.
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.
Petrol price variations show inefficiency of subsidy regime
Al Utsaha, who traveled from Makurdi to Abuja on Saturday, January 28, purchased fuel at three different prices. He bought petrol at N305 per litre at a filling station in Northbank, Makurdi. On getting to Ado-Mararaba in Nasarawa State, he purchased a litre at N320. He then went on to buy it at N194 at the NNPC filling station along Zuba-Giri road on Sunday, January 29.
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.
Abuja Residents Pay High Repair Cost as ‘Bad Fuel’ Damages Cars
The Godwin family, residing in Abuja, is currently facing one of the worst effects of contaminated fuel recently sold in some filling stations in the federal capital territory. Three out of their four cars are currently damaged due to the effect of the coffee-brown coloured fuel they bought for their cars from different filling stations in Abuja recently.
Nigeria’s Phantom Petrol Consumption Rate has ‘Increased’ by 10.31 Million Litres in Five Months
A Dataphyte review of the Nigerian National Petroleum Company reports shows that petrol consumption figures as at August 2021 was 1.516 billion litres.
Explainer: What NNPC’s N3 Trillion Subsidy Request may Mean for Nigeria’s 2022 Fiscal Year
The Nigerian National Petroleum Company (NNPC) has requested N3 trillion as fuel subsidy in 2022.
PMS prices remain “uncertain” amid subsidy controversy
The price of Premium Motor Spirit has been inconsistent since the start of 2020. To be fair though, it was fairly stable for the first quarter, averaging around ₦145.37 per litre across the country. Reports also show favourable drops in its price along April and June, accounting for ₦130.84 and ₦128.88 per barrel. By July, however, the price had jumped again by over 11 per cent, reporting a national average price of ₦143.63 per barrel.