Fuel Scarcity In Nigeria News Today

The Major Oil Marketers Association of Nigeria (MOMAN) on Friday, April 12, urged Nigerians to stop panicking over the likelihood of fuel scarcity.

The accused was also alleged to have on February 22, 2011, forged another letter headed paper of Total Nigeria Ltd. which he presented to GTB for the payment of N2.1 billion, for the supply of 15 metric tonnes of ATK.

Nigerians may pay less for premium motor spirit (PMS) also known as petrol with the recent plunge in the price of crude oil in the international market, the Petroleum Products Pricing Regulatory Agency (PPPRA) has stated.

A subsidiary of the Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC) has taken over the task of determining the daily consumption and subsidy on petroleum products in Nigeria.

The Nigerian National Petroleum Corporation has allegedly reported to the Federation Account Allocation Committee (FAAC) that it spent N623.16 billion on under-recovery, popularly known as subsidy, from January to November 2018.

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said that the under-recovery recorded on petrol, popularly known as fuel subsidy, has dropped to N20 per litre from over N80.