NNPC Reveals New Fuel Pump Prices...

... Nigerians in different geopolitical zones to pay different prices

The Nigerian National Petroleum Company (NNPC) Limited has officially announced the new price range for Premium Motor Spirit (PMS), commonly known as fuel or petrol.

Reports has it that, the prices have been fixed at N488 and N555 per litre at the peak, effectively marking the end of the fuel subsidy era in Nigeria.

This decision follows shortly after the newly elected President, Asiwaju Bola Ahmed Tinubu, declared the termination of fuel subsidy in Nigeria.

Earlier on Monday, 29 May, immediately after the inaugural speech of the President, long queues were seen in petrol stations in and around Benin, the capital of Edo state, as operators of petrol stations immediately became apprehensive on what the outcome of the fuel subsidy removal will lead to.

This revelation had thrown the downstream sector of Nigeria’s petroleum industry into confusion.

It was learnt that during a meeting held by NNPC stakeholders on Wednesday morning, it was agreed upon and approved by the management to revise the NNPC PMS pump price table for Mega/Standard/Leased Stations.

Subsequently, all marketers were instructed to adjust the retail prices of petroleum products across different states.

Previously, it was assumed that the fuel price would be determined at a later date. However, the management has now rolled out a new table of retail prices for various geopolitical zones in the country, directing marketers to implement the changes immediately from Wednesday, May 31, 2023.

In an official statement to the press, the management stated, “Please implement meter change as approved, effective today, May 31, 2023...”

As per the revised price schedule, the highest petrol prices will be seen in Maiduguri and Damaturu, where it will be sold at N557 per litre. In the rest of the Northeast zone, the price will be N550 per litre.

Benni Kebbi will witness the highest prices in the Northwest zone, purchasing petrol at N545 per litre. The North Central zone is set to experience an average price of N537 per litre, with the exception of Illorin, where it will be sold at N515 per litre. Consumers in the Southeast region can expect to pay an average of N520 per litre.

With the exception of Uyo and Yenegoa, where petrol will now be priced at N515 per litre, the rest of the Southsouth zone will receive the product at N511 per litre.

Consumers in Lagos will enjoy the lowest price, as petrol will be sold at N488 per litre. The rest of the Southwest zone will have access to the product at N500 per litre.

Comments

2024 EDO GUBER: ... to be indifferent, is dangerous -Oduma warns

2024 EDO GUBER: ... to be indifferent, is dangerous -Oduma warns By: Oriaifoh Godwins The people, and electorates of Edo state has been called upon to join in changing the ugly narrative that is currently putting Edo state in the rear seat in terms of growth and development amongst the comity of progressing states in Nigeria. The All Progressives Congress, APC, Assistant Deputy Director for Mobilisation, in Edo central Senatorial district, Hon. Chief Robert Okoinemen, aka the Oduma of the universe, made this call recently while speaking with a team of Journalists in Uromi, Esan North East local government area of Edo state. Speaking, Chief Okoinemen, who lamented that many Edo people, including those that supported governor Godwin Obaseki's second tenure election, are all regretting today. He said; "myself and a couple of other people warned us on the devastating implications of giving Obaseki a second chance, but people turned deaf ears to our warnings" " Myself...

Edo State Commissioner For Justice, Chairman, LG Service Commission, Suspended

Edo State Commissioner For Justice, Chairman, LG Service Commission, Suspended By: Our Correspondent The Edo state Attorney General and Commissioner for Justice, Barr. Samson Osagie and the Chairman of the state Local Government Service Commission, Hon. Damian Lawani, has been suspended from their offices over allegations of financial infractions. The suspension of the two very important officers, which is with immediate effect, is contained in a statement issued on Wednesday evening by the Secretary to Edo State Government (SSG), Umar Musa Ikhilor Esq. Governor Okpebholo consequently ordered the setting up of a panel to investigate the allegations of financial infractions levelled against Osagie and Lawani, and make appropriate recommendations to the governor. The statement read thus: “It is hereby announced for the information of the general public that the Governor of Edo State, Senator Monday Okpebholo, has approved the suspension from office, of the Chairman of Edo State Loca...

Gov Okpebholo restores full statutory rights to Oba of Benin

Gov Okpebholo restores full statutory rights to Oba of Benin In a bid to further right the wrongs of the immediate-past administration and foster cordial relations between the Government and the people, the Edo State Governor, Senator Monday Okpebholo has restored the full statutory rights of the Benin Monarch over the contentious issue of the ownership of ancient artefacts looted from the palace of the Oba of Benin during the 1897 Benin Massacre by the British colonial forces. Also, the State Government is withdrawing the letter revoking the concession of the Oba Akenzua II Cultural Centre issued by the last administration to be used as a motor park. “This administration is restoring the centre to a suitable condition for its original purpose. “This administration also hereby abolishes the new traditional councils in Edo South, created by the last administration.” Accordingly, Governor Okpebholo has restored the statutory financial entitlements of the Benin Traditiona...

Every Angle in Everywhere

Search This Blog