Petrol to sell at N150 per litre as marketers seek price hike

-


Premium Motor Spirit (PMS) petrol may sell for N150 per litre in August as marketers are pushing for an upward review.

EyewitnessMedia had reported that Petroleum Products Pricing Regulatory Agency (PPPRA ) last month announced increase of the product to a band of N140.80 to N143.80 per litre.

Prior to the July 1 hike, the agency had on May 1, approved price band of N121.50 to N123.50 per litre for the product.

However a source who spoke to The Nation said marketers are seeking a further increase in the price of PMS due to the soaring price of crude oil in the international market. It was further learnt that Brent Crude which sold for $43.24 per barrel in July, is currently selling for $44.03 per barrel.

She said: “We are now in the meeting to fix a new petrol price for the month of August.

“We are asking the PPPRA to approve N150 per litre because the prices of crude oil have increased and there is no subsidy on the product.

“You will hear the announcement of the new price around four o’clock today (Tuesday ).”

Comments

Post a Comment

Thank you for comment, please continue to read up our stories

Popular posts from this blog

Police arrest men for violating COVID-19 curfew, then lock him up in a crowded cell

-
Image
Taking to social media, some Nigerian man in Lagos state, lamented about their experience at the police cell. According to them, they were arrested for flouting the 10pm curfew put in place by the Federal government to curb the spread of  COVID-19  in the state. According to the men, there was heavy traffic in Lagos on Wednesday, so they couldn’t beat the curfew hour. The police officers enforcing the traffic in Ikeja arrested them and threw them in a crowded cell where none of the COVID-19 protocols such as social distancing was observed. Twitter user, Osinaike Joseph, who shared videos from the cell, alleged that the police officers refused to release some of them who were visibly sick. They accused the police of demanding bribe from them before their release. Man laments after police arrest and lock him up in a crowded cell for violating curfew time due to traffic congestion. pic.twitter.com/gyVXSTDkOC — Lailasnews.com (@Lailasnews_com) August 6, 2020
Read more

Many of you wrote me off when I lost everything I worked for last year - Actress Funmi Awelewa slams her colleagues tagging her in the WSW challenge

-
Image
Actress Funmi Awelewa has taken shots at her colleagues tagging her in the ongoing Women Support Women challenge.    The actress who stated that she won't join the challenge, recalled how some of her colleagues wrote her off after she lost everything she worked for in 2019. Funmi also told them not to add her to their friend list because she doesn't have one.    She wrote;  To Everyone that tagged me, I no dey follow una do “black&white” challenge o Don’t call me your friend, I don’t have one. The last time I checked, some of you are just my colleagues. Many of you write me off when I lost everything I worked for last year. Year 2019 was colorless and the challenge reminds me of things I left behind. I only live in COLORS now My Kid Sis @iambablow is my only friend Emabinu, I understand the motive of the challenge but ko necessary ke tag me mehn. Una don help me repost my work before? Una don call me for job before? Una don...
Read more

Woman robbed of her baby and thrown into septic tank is rescued after three days

-
Image
  A woman has been rescued from a septic tank three days after a man who stole her baby from her threw her in there.   The nursing mother, named Mrs Chizoba Eke was pulled alive but injured from the septic tank of an incomplete building located in Igwuruta, Ikwerre Local Government Area, Rivers State.   Her attacker, simply identified as Chinedu was apprehended when he tried to traffic her six months old baby through Omerelu, Rivers border with Imo State.   Mrs Eke, the nursing mother was kidnapped from her home with her baby on August 17, 2020, and forced into a septic tank after a severe assault by her abductor.   The husband of the victim, Mr Eke, also alleged that Chinedu had attempted to rape his wife when she was pregnant with the newborn.   Mr Eke said, “I was invited by the police to come and identify our baby, having lodged a complaint when both my wife and baby went missing. The suspect is known to me as Mr Chinedu. He had attempted raping my wife...
Read more

HILARIOUS!!! Police ask for public assistance to identify goats that 'hijacked and destroyed' police car in broad daylight...

-
Image
  Police officers are on the lookout for anyone with information about a set of goats that 'hijacked a police car in broad daylight'.   In the words of the Isle of White, UK police officers, they are in the hunt for some badly behaved 'kids' who damaged their vehicle and are appealing for witnesses.   According to police, the goats were pictured standing on top the police vehicle near Newport on Wednesday afternoon August 19, as Police had been called to the area after an unexploded bomb from World War II was discovered.    The police called the Royal Navy Explosives Team, travelled from Portsmouth to help destroy the unexploded bomb.     The officers, after detonating the bomb, then returned to their car only to find their car damaged by the 'hooligans'.     The police are now asking if anyone can recognize the goats from the picture.    A police statement published on the police department's official Facebook page said: ‘In a...
Read more

UK high commission to replace expired visa for free for Nigerians as it restarts operations

-
Image
  The British High Commission in Nigeria has announced that it has reopened its visa application centres across the country and that any individual whose 30-day visa to travel to the UK for work, study or visitation has expired can request a replacement free of charge.   The UK High Commission, announcing the move today, Thursday, August 20, said the free visa replacement will be open until December 2020 and cover individuals who will be travelling to the UK to work, study or join their families.   In a statement by the Commission on titled, ‘Update on VAC Services From The BHC Nigeria’ posted on its verified Twitter handle, @UKinNigeria the commission said; “As a result of the disruptions to travel caused by COVID-19, we are experiencing high demand for replacement vignettes for 30-day visas to travel to the UK for work, study or to join the family. “If an individual’s 30-day visa to travel to the UK for work, study or to join family has expired, or is about to expire, t...
Read more

LET'S DISCUSS! - HAZARD MEDICAL DOCTORS ARE EXPOSED TO

-
Image
  The father of a patient slapped and stabbed the medical doctor who was in charge of his child's case, it has been claimed.   A medical doctor narrated the story on Twitter as he discussed the "hazards" medical doctors are exposed to.   He wrote: "The kind of hazards Drs are exposed to is staggering! In Nigeria, added to the well-known hazards, we have assaults from patient relatives added! A female Dr was slapped and stabbed with a syringe (of unknown origin) in our Children's Emergency by the patient's father. For what?   "The young Registrar on call took a blood sample from the man's child and asked him to take it to the lab. The lab scientists (as they sometimes do) said the sample was inadequate. The man returned angrily. "Where is that Dr that is wasting my child's blood?" Gbas gbas gbos.   "The hospital needs to have a policy on assault on doctors. These things keep repeating! A doctor once had to have a CT scan done 2 rule...
Read more

BIG BROTHER REVEALED: Meet the man behind the voice you hear on BBNaija (VIDEO)

-
Image
We are ‘proud’ to announce that we now know the person behind (easily) the most recognizible voice in Nigeria at the moment. .The man behind the voice of Big Brother is none other than Actor/OAP/Compere Ejike Ibedilo, and if you’re still in doubt, watch this video. The video started circulating a couple days ago, and while many believed, some still had doubts until Frank Edoho of Who Wants to Be a Millionaire confirmed it in a tweet today. See 5 facts about this man with Nigeria’s golden voice He is an Actor, On Air Personality and Event Compere He used to work at Cool FM, till 2011 when he parted ways with the radio station because of conflicting interests. His wife didn’t accept his proposal the first time he asked her to marry him, but she eventually did, after falling in love with his voice. He has been married for 7 years and believes the secret to a successful marriage is Jesus Christ He is a fan of Chelsea Football Club
Read more

Deyemi Okanlawon reacts after Genevieve Nnaji slammed him for making a joke of the Women Supporting Women challenge

-
Image
Actor Deyemi Okanlawon has reacted after Genevieve Nnaji called him out for making a joke of the Women Supporting Women Black and White Challenge.   The challenge requires women to post black and white photos on their page and pledge to support other women after being nominated.   Deyemi and a number of male celebrities like Don Jazzy, Nosa Rex, Uti, Kenneth Okoli, and Melvin Oduah dressed like women to take part in the challenge. Deyemi made sure to repost photos of the other men who took part in the challenge.   Reacting to Deyemi's post, Genevieve accused him of making a joke of the challenge.   She wrote: "We seek solace in humour to distract us from pain or discomfort. Tell me what it is you feel exactly? You see, that feeling that triggered you to make a joke of a movement that can only be understood by those it was meant for; the feeling of being overlooked or disregarded is part of the point of the challenge. No one likes to feel...
Read more

Lady arrested for staging her own kidnap says she did it to test her sister's love for her (photo)

-
Image
A 37-year-old woman, Torkwase Queen Ayakpa, who was arrested by men of the FCT police command for staging her own kidnap, says she did it to find out if her sister loves her.   Ayakpa was one of 24 suspects paraded by the Federal Capital Territory (FCT) police command for various offenses on Wednesday, July 29.   Ayakpa, who is a hairstylist, conspired with one Fidelis Ikule, 36, to stage her kidnap. She told the police that she also did it to extort N20, 000 from her sister because her hairstyling business was no longer doing well due to the coronavirus pandemic.   Ayakpa, a native of Benue state and Fidelis, were arrested after the police traced the calls they were making for the ransom to Fidelis's house in Mashafa Village, Mpape, Abuja, where they were holing up.
Read more

PASSIONATE FEMINIST ADVOCATE AKA KING OF FEMINISM - SOLOMON BUCHI CEASED TO BE IDENTIFIED WITH THE SECULAR FEMINIST MOVEMENT

-
Image
Self-acclaimed "King of feminism", Solomon Buchi has denounced the movement and he gave reasons for his action.   Solomon Buchi has been a vocal feminist on Instagram and Twitter for years. He recently caused an uproar when he referred to himself as the "King of feminism".    Today, he announced that he no longer identifies with the "secular feminist institution" because of what "feminism has evolved into" and because it doesn't "corroborate the Gospel of Christ that saved me".   He also apologized to anyone he might have offended in the phase of his "passionate feminist advocacy."   He wrote: "From today, I cease to identify with the secular feminist institution. As a Christian, my journey as a passionate feminist was a tad labyrinthine because for what feminism has evolved into; some of the beliefs do not corroborate the Gospel of Christ that saved me.   "From sexual liberation to LGBTQ to prostitution and a fe...
Read more