Tag: #FuelCrisis
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FUEL CRISIS BITES: OVER 400 GAS STATIONS SHUT DOWN IN PHILIPPINES
Soaring fuel prices are forcing hundreds of gas stations to close, raising fears of shortages and market manipulation. The Philippine National Police says more than 400 gas stations across the country have shut down operations as fuel prices continue to surge. PNP spokesperson Randulf Tuano revealed that closures have jumped sharply from 273 on March…
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FOCUS ON FUEL SUPPLY, NOT PRICE CONTROL – EXPERT TELLS FG
As global tensions shake oil markets, an energy expert is warning Nigeria—keeping fuel flowing matters more than fixing prices. Energy economist Wumi Iledare has advised the Federal Government to prioritise stable fuel supply over price control, saying it’s the key to economic stability amid global oil market disruptions. Speaking in Lagos, Iledare warned that trying…
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UN WARNS CUBA AT RISK OF HUMANITARIAN “COLLAPSE” AS OIL DRIES UP
As fuel shortages bite and prices soar, the UN says Cuba could be pushed to the brink without urgent action. The United Nations has warned that Cuba could face a humanitarian “collapse” if the island’s oil needs aren’t met, as widening restrictions and threats to block fuel supplies intensify its crisis. UN Secretary‑General António Guterres,…
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FG REMOVES CNG SUBSIDIES
The Nigerian government has pulled the plug on subsidies for Compressed Natural Gas (CNG), nearly doubling prices and stirring frustration nationwide. After pushing CNG as a cheaper fuel alternative—with tax breaks, credit facilities, and major infrastructure moves—the recent subsidy cuts are hitting converted vehicle owners hard. Motorists now face higher costs and long queues at…
