The price of petrol also known as PMS is bound to hit as high as N170 per litre in Nigeria. This is because Pipelines and Products Marketing Company (PPMC), which is the major importer of the product, hiked the ex-depot price from the initial N147.67 per litre to N155.17 per litre.
In an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali, reads that the new ex-depot price would take effect from Friday. The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots. In its PMS price proposal for November, the PPMC put the landing cost of petrol at N128.89 per litre, up from N119.77 per litre in September/October. It says the estimated minimum pump price of the product would increase to N161.36 per litre from N153.86 per litre. Consequently, “There is going to be an increase in the pump price. We are expecting the pump price to range from N168 to N170 per litre,” The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, said.
Depending on the marketer involved or the proximity of thier filling stations to the loading depot, there is always a differentials of between N12 and N15 between the ex-depot price and the pump price. This makes the N155.17 new ex-depot price to shots up the expected pump price to as high as N170 per liter.
Following the news of the hike, facebook users have taken to their pages to express their grief and disappointment. Below are some comment on a related post:
Oche Onu writes with agency reports.
Breaking: Ronaldo To Join Al-Nassr For €200m euros per year
Cristiano Ronaldo is close to agreeing on a mega transfer to Saudi Arabian outfit All-Nassr.
In a report published by Spanish publication Marca, Ronaldo has been offered a two-year contract by Al-Nassr, who are able to sign the 37-year-old on a free transfer following his departure from Manchester United.
CR7 left United by mutual consent this month
Available on a free transfer.
Marca reports that Ronaldo has also attracted interest from MLS, but he is very conscious of picking up the most lucrative wage possible if calling time on his illustrious career in Europe.
Al-Nassr are willing to pay the Portugal forward a grand total of €400 million if he agrees on a deal to play for the Saudi Arabian club until 2025.
Ronaldo’s second spell at Old Trafford came to an acrimonious end earlier this month as United announced the termination of his contract by mutual consent. The decision was made following the five-time Ballon d’Or winner’s controversial interview with Piers Morgan, during which he accused the club of betraying him and admitted to having no respect for head coach Erik ten Hag
Should Ronaldo indeed end up joining Al-Nassr, he will link up with another former Premier League star in David Ospina, who played in goal for Arsenal between 2014 and 2019.
The striker is currently starring for Portugal at the 2022 World Cup, and will hope for another start when Fernando Santos’ side wrap up their group stage campaign against South Korea on Friday.
2023: Why I Will Vote For Peter Obi – Sheikh Gumi
Controversial Islamic cleric, Sheikh Ahmed Gumi has revealed what would make him vote for the Labour Party, LP, presidential candidate, Peter Obi in 2023.Gumi assured Obi of his vote if he can restructure Nigeria if elected president in 2023.
He spoke in Kaduna yesterday while playing host to the former Anambra State governor and his running mate, Datti Baba-Ahmed.Obi and his running mate were in Kaduna to attend an interactive session for presidential candidates organised by a joint committee of Arewa groups in the build up to the 2023 general elections. However, Gumi commended Obi for visiting and briefing him about his plan for Nigeria.
According to Gumi: “As you come here (Kaduna) people will like to hear your views about restructuring Nigeria; Nigeria has been restructuring itself from independence to date. It was never static, but I want to know about views on restructuring so that I can write on my Facebook page `this is the presidential candidate who can do this for me; I will assure him of my vote’”. Gumi also asked the LP presidential candidate how he intends to address the issues of agitations and poverty in the country.
“How are you going to deal with the issue of polarity and agitations across Nigeria? Every region is agitating because people are not happy, how are you going to make these people (agitators) happy under one table?“You talked more about the economy; the economy sometimes is more than the figures,” he added.
PETER OBI VISITS SOLUDO
The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has paid the Anambra State Governor, Chukwuma Soludo, a courtesy visit at the Governor’s Lodge, Amawbia.
Soludo and Obi met behind closed-doors after which Obi lauded Soludo for the “great job he is doing in Anambra State.” This is contained in a statement posted to the Facebook Page of Soludo TV on Friday. The statement, which is titled, ‘Soludo receives Peter Obi on a courtesy visit’, read: “Governor Chukwuma Charles Soludo, CFR, received earlier today, Mr Peter Obi, former Governor of Anambra State and Presidential candidate of the Labour Party at the Governor’s Lodge, Amawbia.
“Both leaders had a mutual discussion behind closed doors. Afterwards, Mr Peter Obi commended Governor Soludo highly for the great job he is doing in Anambra State. Governor Soludo, on the other hand, welcomed Mr Peter Obi to Anambra as a prominent son of the state and wished him well in his Presidential bid as the Presidential candidate of the Labour Party.”
After the meeting, Soludo, wrote on his verified Facebook Page, “Today after my engagement with the YESS family, I received in audience my brother and Presidential candidate of the Labour Party, Mr. Peter Obi, in a private meeting at the Governor’s lodge, Amawbia.
“Mr. Obi is one of the two illustrious Sons of our dear State gunning to be the President of Nigeria. The other is Justice Peter Umeadi of our great Party, the All Progressives Grand Alliance (APGA).
Source: The Punch