Showing posts with label Fuel scarcity. Show all posts
Showing posts with label Fuel scarcity. Show all posts

Tuesday, June 02, 2015

Depots owners, petroleum marketers dare Buhari, insist fuel scarcity will continue unless..

Unless the Mohammadu Buhari-led Federal government pays the outstanding subsidy claim, the scarcity of petroleum products being experienced in the country would  persist, the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA) has warned.

Mr Adewole Olufemi, the Executive Secretary of the association, gave the warning on Tuesday in Lagos. 

Olufemi said that the marketers had stopped importation of petroleum products because of outstanding subsidy claims and commercial banks refusal to offer members additional loans.

“After the Petroleum Tanker Drivers (PTD) and National Road Transport Association (NARTO) suspended their strike on May 25, all our depots were opened and we dispensed the little the stocks therein.

Friday, May 22, 2015

Fuel scarcity: Senate summons Okonjo-Iweala, Allison-Madueke, NNPC

The Joint Senate Committees on Petroleum Resources (Upstream and Downstream) has ordered the Minister of Finance/Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, and her counterpart in the Petroleum Resources Ministry, Mrs. Deziani Allison-Madueke, to appear before it on Monday next week over the lingering fuel crisis in the country.

Also summoned along with the two ministers are the Group Managing Director, Nigerian National Petroleum Corporation; Managing Director, Petroleum Pricing and Regulatory Agency;  and the Director of the  Department of Petroleum Resources.