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Looming Price Hike: Queues Return in Petrol Stations
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The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling stations amid heightened expectations of an increase in the pump price of the product.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, had on February 9 said Nigerians should prepare for the pain associated with the increase in crude oil price.
The international oil price, Brent crude, rose by more than 14 per cent in February as it closed at $64.42 per barrel, up from $56.42 per barrel at the start of the month.
Motorists besieged the few outlets that were open for business in Abuja, Nasarawa, Niger and Borno states, while some others that had dispensed petrol the previous day were locked on Sunday.
Two weeks ago, queues of motorists were seen in many locations after oil marketers raised concerns about petrol pricing by depot owners and how this affected petroleum products supply.
The queues resurfaced on Saturday and Sunday, as only few filling stations were dispensing petrol while others were shut.
Some attendants at some of the shut outlets told one of our correspondents that they were not selling petrol because the cost of the product would be increased from March.
Nipco and Gegu filling stations, along the Kubwa-Zuba Expressway, Abuja, had long queues of motorists on Sunday, while IBWAS filling station on the same road that had earlier dispensed products was shut.
Similarly, Major Oil filling station, along Airport Road, Abuja, which had steadily dispensed products up till Saturday, did not sell petrol on Sunday.
Shema Oil, close to Next Cash ‘N’ Carry in Abuja; NNPC outlet in Zuba, Niger State, and few other filling stations in Nyanya/Mararaba in Nasarawa State had queues.
“We have not been advised of any increase in petrol price. Many filling stations are not selling petrol perhaps because they have run out of stock or they are hoarding the product in anticipation of price increase,” the National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, said.
Osatuyi, who spoke with one of our correspondents, said he observed queues in some stations in Lagos on Sunday.
“The outcome of the meeting between the President and the governors is not yet known. There will certainly be an increase in petrol price but we don’t know when this will happen,” he added.
In Maiduguri, the capital of Borno State, motorists and other users of petrol were hit by scarcity of petrol on Sunday as fuel stations were shut down.
Fuel stations located along major highways, including Kano Jos road, Shehu Laminu way and Baga road, were not dispensing petrol, while motorists queued for hours at the filling stations that were selling the product.
Many commuters were stranded at bus stops in Maiduguri as motorists struggled at filling stations to get petrol.
“They said there is no fuel but they sell to black marketers; they have refused to sell to us. I have been here since 6:45am because my experience yesterday (Saturday) was horrible as I couldn’t get fuel. I’ve been here for over four hours and I have not got the product,” a tricycle operator, Abubakar Shettima, told one of our correspondents.
When contacted, the Chairman, IPMAN, Borno, Mohammed Ngala, denied that independent marketers were hoarding petrol, adding that Borno had been experiencing a shortage in recent days.
“Right now, we sell petrol at N165-N170 per litre. But the product is not enough to serve the populace. We don’t hoard fuel,” he said.
The Coalition of Nigerian Civil Society Organisations for Petroleum and Energy Security called on the Federal Government to fully deregulate the downstream oil sector to address the concerns about petroleum products’ pricing.
The Convener of the CSOs coalition, Timothy Ademola, said they had decided to interface with the Federal Government and agencies in the oil sector on the need for deregulation.
He said, “Let the forces of demand and supply be allowed to play out in the pricing of petroleum products. This is when we can say we have full deregulation.
“We are ready to partner government, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and other agencies to make this work.”
The Managing Director, Realink Oil Nigeria Limited/National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, had said in an interview with one of our correspondents last week that depot owners were hoarding products due to the concern of a possible hike in petrol price.
He said petrol price would definitely rise, going by the increase in global crude oil prices.
But the Petroleum Products Pricing Regulatory Agency was silent on whether there would be an increase in petrol price in March as expected by marketers.
PPPRA’s spokesperson, Kimchi Apollo, told one of our correspondents that he had not received any directive in that regard.
The PUNCH had reported last Tuesday that going by the petrol pricing template of the PPPRA, the landing cost of petrol rose to N186.33 per litre on February 16, with the pump price of the product expected to be N209.33 per litre.
Reacting to complaints by marketers that some private depots had hiked the ex-depot price of petrol and that this would definitely warrant an increase in pump price, the Nigerian National Petroleum Corporation said it had not raised its ex-depot price yet.
Group General Manager, Group Public Affairs Division, NNPC, Kennie Obateru, said the NNPC had made it clear that it was awaiting the outcome of the proposed meeting between the Federal Government and labour unions as touching the price of petrol.
“We have not increased ex-depot price. It is now left for the regulatory agencies to ensure that the approved ex-depot price is what the various depots stick to,” Obateru told one of our correspondents.
On how the meeting between the Federal Government and labour would affect petrol price, the NNPC spokesperson said, “We are also watching to see the outcome of that meeting before taking the next step.”
Efforts to the get the Department of Petroleum Resources to speak on what it was doing to address the complaints against depot owners was not successful.
The spokesperson for the agency, Paul Osu, did not answer calls to his phone and also did not reply a detailed text sent to him on the matter.
The Punch
Headlines
2027: Wike, Soludo, Adeleke Listed in APC’s Revised Presidential Campaign Council
The All Progressives Congress (APC) has named Nyesom Wike, Minister of the Federal Capital Territory (FCT); Ademola Adeleke, Osun State governor; and Chukwuma Soludo, Anambra State governor, as campaign coordinators in its expanded presidential campaign council for the 2027 general election, despite their affiliations with other political parties.
Wike belongs to the Peoples’ Democratic Party (PDP), Soludo is a member of the All Progressives Grand Alliance (APGA), while Adeleke won re-election as Osun governor in 2026 under the Accord Party.
Under the new arrangement, Wike will coordinate the APC campaign in Rivers State and the FCT, Soludo will oversee Anambra, while Adeleke will coordinate the campaign in Osun.
The expanded list is scheduled for inauguration by President Bola Tinubu at the Presidential Villa in Abuja on Wednesday.
The APC initially released its campaign council list on August 22, naming Abdulaziz Yari, former Zamfara governor, as director-general. Senate President Godswill Akpabio, House of Representatives Speaker Tajudeen Abbas and Yobe Governor Mai Mala Buni were appointed deputy director-generals.
In the revised list, Akpabio, Abbas and Kwara Governor AbdulRahman AbdulRazaq are deputy vice-chairmen I, II and III, respectively, while Buni becomes deputy director-general I for the North.
The council also includes former governors and party chieftains as advisers, which include former APC national chairmen Adebisi Akande and Abdullahi Adamu; former Ogun State Governor Ibikunle Amosun; former Osun State Governor Iyiola Omisore; Senator Ibrahim Dankwambo; Senator George Akume; former Ogun State Governor Segun Osoba; and Wale Edun. Obafemi George is listed as an adviser on media.
The Directorate of Election Planning, Coordination, Monitoring and Mobilisation, established ahead of the 2027 general election, has Faleke as Deputy Director-General, with Stella Okotete and Engr. Abdullahi Garba Ramat serving as Secretary I and Secretary II, respectively. Audu Maikori is also listed as a secretary.
Other members of the directorate include Soares Omotola, Bashir Dabo, Sheriff Mohammed Usman, Jibrin Bancir, Ayoola Peter Olajolo, Abubakar Sadiq Sada and Princess Folasade Ogunbiyi.
Headlines
Your One Month Petrol Price Discount Medicine After Death, Obi Tells Tinubu
The Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has questioned how the Federal government’s 30-day petrol price discount would reduce poverty, unemployment, insecurity and inequality in the country.
Obi raised the questions in a statement posted on his X platform on Sunday, describing the initiative as a reactive policy that substitutes political optics for sound economic planning.
He argued that the discount, which he said amounts to less than five per cent of petrol costs, is unlikely to address the wider economic challenges facing Nigerians.
“The announcement by the APC-led Federal government offering a 30-day discount on price of petrol to relieve the acute hardship and hunger caused Nigerians by its unplanned removal of subsidy can only be described as another very reactive and confused approach to governance that is now the culture of the Tinubu government,” he said.
Obi said he had delayed commenting on the policy to allow time to assess its outcome, but maintains that the measure has not demonstrated a sustainable approach to addressing the country’s economic difficulties.
He recalled that President Bola Tinubu removed the petrol subsidy on May 29, 2023, arguing that the decision was taken without adequate consultation or a proper assessment of its likely effects on the economy and the livelihoods of ordinary Nigerians.
According to Obi, the subsidy removal was followed by other policies, including the floating of the Naira and tax reforms, which he argued are being implemented without proper sequencing and coordination.
He also criticised the government’s handling of multiple budgets, arguing that the combined effect of the policies has contributed to inflation and rising costs of goods and services.
Obi attributed what he described as increasing multidimensional poverty, business closures, unemployment, insecurity, widening inequality and youth migration to the economic pressures arising from the policies.
He also said the policies had weakened the general well-being of Nigerians, insisting that the government should assess their impact before introducing temporary relief measures.
The former Anambra State governor called for a detailed and publicly available regulatory impact assessment of government policies, arguing that such an exercise would help identify their effects and guide necessary adjustments.
He said a government committed to sustainable economic growth should engage stakeholders and ordinary citizens in consultations to develop inclusive policies that improve living conditions and expand economic opportunities.
Questioning the objectives of the petrol discount, Obi asked whether it would increase productivity and exports or whether it was intended to determine if the subsidy should be restored.
“Will it reduce poverty, unemployment, insecurity, and inequality? Will it increase productivity and exports? Is it a test to ascertain if subsidy should be restored? Is it another political gambit in the face of threats of electoral loss in the 2027 election?” he asked.
“Too many questions, no answer!” the former Governor of Anambra State added.
Headlines
2027: Atiku Urges INEC to Disclose Firm Printing Election Materials
The African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has raised concerns over the lack of transparency surrounding the production of sensitive materials for the 2027 general elections, urging the Independent National Electoral Commission (INEC) to disclose the companies handling the printing.
Atiku warned that keeping details of the contracts and the process of selecting contractors from the public could weaken confidence in the electoral process.
In a statement issued by his Director of Strategic Communication, Phrank Shaibu, on behalf of the ADC Presidential Campaign Council, the former vice-president also called on INEC to explain recent changes involving officials in key departments responsible for election operations and information technology.
Reports said that Director Isa Magaji Gum has been moved from the Electoral Operations Department to the Voter Registry Department, while Mrs. Oluyemi Titilayo Adeyemi-Showunmi has been appointed to head Electoral Operations.
Dr. Lawrence Bayode was also identified as head of Information and Communication Technology.
Atiku said the commission has a responsibility to explain the reasons for the changes, and demonstrate that the decisions followed due process.
“These departments are at the heart of election administration. INEC must explain these decisions, publish the criteria applied and show that every appointment and redeployment followed due process, was based on merit and was free from political interference,” he said.
He also asked INEC to confirm or deny reports that Hitech, or a company linked to it, had secured a contract to print sensitive election materials for 2027.
“We are concerned by reports that more than half of the sensitive election materials, including presidential ballot materials, may have been allocated to an undisclosed company reportedly based in France. There are also questions about reports that the Nigerian Security Printing and Minting Plc is handling materials for only 15 to 17 states, while private companies are responsible for the remaining states.”
The former vice-president said Nigerians deserve to know which companies are producing their ballots and how the contracts were awarded.
“Nigerians should not have to depend on unnamed sources to discover who is producing their ballots,” he said.
The statement called for the publication of the names of the contractors, contract allocations, procurement procedures and security arrangements.
Atiku further argued that any contract awarded to Hitech or an associated company would raise questions about the commission’s neutrality.
He cited publicly reported business ties between the Chagoury family, which owns Hitech, and the Tinubu family.
He also referred to controversies surrounding major Hitech contracts under President Tinubu’s administration, including the Lagos-Calabar Coastal Highway project.
However, Atiku said INEC should clearly address the matter if neither Hitech nor any company linked to it has been selected to print election materials.
He also called on the Central Bank of Nigeria to disclose allocations for banknote printing and explain the roles of local and foreign contractors.
“We urge INEC to maximise the capacity of local security-printing firms and ensure that all ballot papers and result sheets are properly secured and accounted for at every stage of the electoral process. Any attempt to manipulate the 2027 elections will be resisted through the ballot, lawful civic action and other democratic means available to Nigerians,” he said.






