Nigerian Times

The fuel subsidy has never favoured the majority of Nigerians, but the oil marketers and their distributors who are major stakeholders in the corrupt government of President Goodluck Jonathan of Nigeria. The masses don't own the filling stations and they don't import fuel. So who are those ripping them off? The oil marketers importing fuel and the owners of filling stations who are leading members of the corrupt ruling party and the President is their major beneficiary. The real beneficiaries of the misappropriated fuel subsidy in Nigeria are the Nigerian National Petroleum Corporation (NNPC) and others on the following list. List of Petroleum/Oil Marketing Companies in Nigeria September 24, 2007 The list below contains the names of the oil marketing companies in Nigeria. Companies that are only involved in the downstream section of the oil chain. The list is not exhaustive but these are the main players in the industry. The information is available both in the ta...

Why Nigerians Must Protest and Reject the Illegal Removal of Fuel Subsidy The sudden announcement of the removal of fuel subsidy on New Year’s Day shocked Nigerians who were still on holidays and they were outraged by the overnight change in the pump price of petrol by owners of filling stations across Nigeria without any authorized benchmark price by the Petroleum Products Pricing Regulatory Agency (PPPRA). It is brazenly corrupt and outrageously fraudulent for the filling stations to start selling fuel at exorbitant pump prices immediately the government announced the removal of fuel subsidy on January 1, 2012, without any notification to the citizens who are the primary consumers. The fuel being sold between N137 and N200 per litre was imported under the fuel subsidy regime; therefore it is daylight robbery of consumers by the corrupt and fraudulent government, oil marketers and their distributors with thousands of filling stations all over Nigeria. Millions of litres of fuel imp...

2011 Ford Escape Hybrid, 7 Jun 2011 17:38 Africa/Lagos Consumer Reports Names the Best New Cars for Fuel Economy PR Newswire YONKERS, N.Y., June 7, 2011 Best gas-sipping vehicles include Honda Fit, Volkswagen Golf TDI & Ford Escape Hybrid; CR's tips on how to save gas before and after you hit the road YONKERS, N.Y., June 7, 2011 /PRNewswire-USNewswire/ -- With high pump prices, Consumer Reports says that the most effective way to cute your gasoline use is to buy a more fuel-efficient car. CR named the best cars for fuel economy of those recently tested by the magazine in its own real-world fuel-economy tests. Also listed are the ones that got the lowest mpg in each class. "Hybrid and diesel vehicles provide better fuel economy than conventional cars, but they usually cost more to buy, and as gas prices rise, the pay-back time gets shorter," said David Champion, Senior Director of Consumer Reports Auto Test Center in East Haddam, Connecticut. "All-wheel drive us...