Fuel scarcity: Issues behind looming petrol price hike

Fuel scarcity: Issues behind looming petrol price hike …C0NTINUE READING HERE >>>

On Sunday, 1st of September 2024, the Nigerian National Petroleum Company (NNPC) Limited prepared Nigerians for sleepless nights after releasing a terse statement conceding financial constraints, and as a result, cannot guarantee sustainable fuel supply across the country.

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The statement released by NNPC Limited, signed by its Chief Corporate Communications Officer, Olufemi Soneye, quickly sent a signal that the Nigerian government-owned oil firm is scheming to hike the…

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