Fidelity bank banner Bayelsa State banner
NUPENG urges FG to remove fuel subsidy to end fuel crisis

By News Express on 15/11/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,449


The Leadership of the Nigeria Union of Petroleum and Natural Gas (NUPENG) believes that total deregulation of the downstream sector and complete removal of fuel subsidy will solve the nation’s prolonged fuel crisis and scarcity.

Fuel queues are beginning to return to some service stations in different Nigerian States, as a result of a perceived scarcity of the product.

The development led to the statement by NUPENG.

Addressing reporters in Owerri, the capital of Imo State on Saturday, the National President of NUPENG, Mr Igwe Achese, said that Nigerians would continue to experience scarcity and inflation in prices of petroleum products from time to time unless the Nigerian National Petroleum Corporation (NNPC) returned to its statutory role, as the sole importer of petrol.

Mr Achese lamented the lack of political will on the part of the government over the total removal of fuel subsidy on imported and refined products.

He further stressed the need for the government to create an enabling environment to encourage private sector’s interest in building refineries in Nigeria for the purpose of improving the local refining capacity to meet the ever increasing local demand of petroleum products and indeed for exportation purposes.

Meanwhile, the (NNPC) said it had injected additional volumes of Premium Motor Spirit to enrich product availability in some major cities with noticeable fuel queues.

In a statement by its Group General Manager, Group Public Affairs Division, Ohi Alegbe, the NNPC said that the measure was in line with its drive to ensure zero fuel queues ahead of the forthcoming yuletide and beyond.

It said there was no cause for panic buying, insisting that the scarcity was artificial. (Channels TV)

 

Source News Express

Posted 15/11/2015 04:36:53 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Senate orders Customs Boss to appear before it...

New Biafra leader declared wanted

7 illegal miners buried alive; 2 others die...

Customs impounds imported rice, fake drugs

Saraki laments challenges facing the nation, as 8th...

‘We Are All Biafrans’ set for release on...

Minister advocates structured movie distribution system

Obiano’s wife celebrates Yuletide with over 1,000 children...

I am done with contesting election —Peter Obi...

PREMIUM TIMES demands immediate release of reporter seized...

Cabinet change: Abati set to become Minister, intensifies...

Earthquake kills 14 in Tanzania, injures 200

 

Latest News How Wike’s Chief Security Officer led Government House security officials to disrupt Rivers bye-election — APC Alarm bells as job and contract scams hit Niger Delta Nigeria’s democracy in danger: Savannah Centre Osun APC Guber: There was a conspiracy against me — Deputy Speaker, Lasun Third Mainland Bridge to be temporarily shut for 4 days – Lagos Govt 2019: Youths demand waiver, 50 per cent discount on nomination forms Man fights for his life in ICU after phone explodes while charging in bed NAF fighter jets bombard bandits’ hideouts in Zamfara Aregbesola’s free ride: Many stranded as travellers besiege railway terminal PDP wins Taraba's Takum 1 bye-electio NUJ condemns demolition of Ayefele’s radio station by Oyo Govt Ortom seeks global support for Benue IDPs

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,910 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,327 views) Shameless Genevieve Nnaji exposes breasts in public (297,094 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,427 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,426 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,533 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (193,143 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,304 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,968 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,821 views) Lagos plane crash: Journalist releases victims’ names (153,112 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,382 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,462) Business Verdict (48) Columnists (912) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (640) Global Business Monitor (295) International (2,279) Interview (162) Live Commentary (28) Love Matters (135) News (38,143) Opinion (1,063) Pidgin (11) Politics (6,101) Religion (827) Sports (1,652) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement