Sunday, September 11, 2016

Fuel Scarcity Again! Nigerians Cry Out!



The argument of the fuel marketers was that they could not sustain the importation of fuel because of the current exchange rate.




Nigerians across the country have reacted to the fuel scarcity that has quietly found its way back into filling stations.

There were reports that fuel marketers had asked the Federal Government to increase the cost of fuel to enable them import the product and meet local demands.
Major stakeholders in the petroleum downstream sub-sector however dismissed the report of an imminent increase in the price of fuel, saying it was uncalled for.
The argument of the fuel marketers was that they could not sustain the importation of fuel because of the current exchange rate.
Here are some reactions from Nigerians on Twitter.





































Monday, July 25, 2016

Buharimetre! Kerosene Hits All-time High Price as Hardship Continues in Nigeria


Kerosene has been finally put beyond the reach of the masses in Nigeria following a case of hyper-inflation eating up the Nigerian economy.
The 15.6% inflationary trend in Nigeria that is crippling the Nigerian economy has further worsened with the unprecendented hike in the price of Kerosene which has been unaffordable to the average Nigerians who can't afford cooking gas.
 
Dual Purpose Kerosene (DPK), known as kerosene, hit an alltime high price of N600 per litre at the weekend, worsening the pains of over 30 million households who depend on the product for cooking.
 
In its place, millions of poor Nigerians who use it for their stoves, lanterns, and other purposes, are now seeking alternatives to the very important and most commonly used petroleum product.

They have now resorted to the use of charcoal, firewood and polythene bags to make fire to cook for their homes. More fortunate Nigerians use gas cookers, even though the price of gas has also been on the rise. The scarcity hit major cities across the country, with most retail outlets in Abuja , Lagos, Ogun, Oyo, Osun, Enugu, Akwa Ibom, Kano, Kaduna and Abia states going out of stock.

The Liquefied Petroleum Gas (LPG), known as cooking gas, also remained high at the weekend selling at N320 per kilogram. A survey by the OTL, organisers of Nigeria ’s biggest downstream seminar and exhibition, showed that over 30 million Nigerian households use kerosene for cooking and for light as well as fuel for local lanterns.

The scarcity of the product, checks by New Telegraph revealed at the weekend, worsened with the product selling between N200 and N600 per litre nationwide, depending on proximity of the area to Lagos, where the loading depots for the product are situated.

DPK has been deregulated and majority of marketers, who hitherto reduced importation of the product, this newspaper gathered , have now halted importation due to difficulty in accessing foreign exchange. “ The shutdown of refineries that produce DPK through which the market is augmented , is another major problem, ” a marketer told a reporter.


Friday, April 01, 2016

#IStandWithBuhari Now Turned to #IQueueWithBuhari as Nigerians Mock Buhari Over Fuel Crisis


From #IStandWithBuhari to #IQueueWithBuhari, Nigerians are now queuing with President Muhammadu Buhari, and the Peoples Democratic Party (PDP) has made mockery of the situation.

The prevailing fuel crisis rocking the nation and threatening economic shutdown has made the main opposition party, PDP to call on Nigerians to join the #IStandWithBuhari national rallies holding at various filling stations across the nation.
 
The Peoples Democratic Party (PDP) are now enjoining Nigerians to make mockery of the situation. From #IStandWithBuhari to #IQueueWithBuhari, Nigerians are now queuing in petrol stations with President Muhammadu Buhari.
 
The PDP’s south-south office started the trend which reveal the situation of the fuel crisis, and was supported by the party’s national Twitter handle and many other Nigerians joined in.
 
Below are some of the tweets we gathered from social media;
 
 
 

Tori News

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