scarcity | Egypt Oil & Gas

Nigeria Lifts Gas Subsidy, Fuel Nearly Doubles Price

Nigeria's government announced it is lifting a controversial subsidy on gas, nearly doubling the price amid a massive fuel shortage and militant attacks on oil installations in Africa's biggest petroleum producer.

NNPC Raises Fuel Supply to Abuja, Other States

The fuel supply and distribution situation in Nigeria is gradually easing out after the Nigerian National Petroleum Corporation increased the distribution of Premium Motor Spirit (PMS), known as petrol.

Nigeria Destroys 400 Illegal Mini-Refineries Despite Scarcity

The Nigerian Security and Civil Defence Corps, NSCDC, informed it had recently destroyed more than 400 illegal mini-refineries operated by oil thieves. The measure was met with criticism as it is not believed to be t ...

Nigeria to Increase Petrol Price, Considering Privatisation

Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its f ...

Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity

Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a go ...

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