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Spread the love A Coalition of Nigerian Civil Society Organizations for Petroleum and Energy Security (CONCSOPES) on Saturday sought the sustenance of  deregulation of the price of the Premium Motor Spirit (PMS).  Speaking in a press conference in Abuja, the convener, Mr. Timothy Ademola, noted that a reversal of the deregulation that started in March 2020 will lead to scarcity of the product. Besides, he said it will lead the Nigerian National Petroleum Corporation (NNPC) to negative financial records. According to him, “With the agitation of labour for the roll back of deregulation, NNP...

Civil society groups on Saturday pushed for complete deregulation of the downstream sector of the petroleum industry that allows markets forces to determine the pump price of petrol and other petroleum products in the country.

Share Fuel queues seem to be gathering up in most filling stations within the Federal Capital Territory (FCT) ahead of the increase in pump price. The queues which started Friday night have since increased, while most filling stations sell between N162-N163 per litre. As of Friday night and Saturday, queues were observed at Oando filling station, Zone 4; Conoil, Wuse; Eternal Wuse 2, A.A rano Jabi, Mobile, Lokogoma; NNPC, Major oil Jabi; Optima Energy Jabi, among others. “Infact, I don’t understand what is going on, I bought fuel but it is scarce,” says a motorist who spoke with Tribun...

Punch Newspapers Sections Dennis Naku, Port Harcourt The Department of Petroleum Resources has said it is willing to license more modular refineries to come on stream, saying it would put an end to the problem of product scarcity in the country. The Director, Chief Executive Officer of DPR, Mr Sarki Auwalu, stated this while speaking to journalists after a tour of facilities at the Niger Delta Petroleum Resources, an indigenous oil and gas company in Ahoada, Rivers State. Auwalu said rather than going into illegal refining for lack of capacity to do proper refining, private concerns should co...

Trust deficit has come to be a common refrain in the polity used to explain lack of trust in government pronouncements and programmes. Its foundation is rooted in political party soap box promises and manifestoes that are never kept. Sir Walter Scott (1808) wrote “Oh, what a tangled web we leave, when first we practice to deceive”. Reflecting on this truism, it is clear that those who prevaricate in their speech or actions cannot be trusted. Their social capital budget will be fraught with deficit. They are persons or institutions whose words or actions are of double standards. They who b...