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Petrol price hike: Labour demands reversal

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Petrol price hike: Labour demands reversal

Petrol price hike: Labour demands reversal, set to meet

 

Oil marketers are awaiting the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery, following the announcement by the plant that only the Nigerian National Petroleum Company Limited will lift the product from the refinery at the moment.

PMS was officially launched on Tuesday by the $20bn plant located in Lekki Free Trade Zone in Lagos. The President of Dangote Group, Alhaji Aliko Dangote, announced that the 650,000-capacity oil refinery had commenced petrol production.

But dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria stated that they had yet to receive any notice on the price of petrol from the refinery.

“We have not received any notice about its PMS price because he categorically stated that the NNPC is the sole off-taker of the product, which to us came as a surprise,” National Publicity Secretary of IPMAN, Ukadike Chinedu, stated.

He added, “We had expected Dangote to open up the market for proper competition. This shows that all these while the NNPC has been waiting for Dangote to release products, as it had reduced PMS importation.

“However, we are still waiting for them to tell us the price, but this, of course, will have its effect on the pricing of the product considering the fact that the cost of the commodity has increased at NNPC retail stations.”

There are strong indications that the price of petrol may hit N1,200/litre following the decision of NNPC to raise the pump price at its stations on Tuesday.

 

 

This is even as the Dangote oil refinery announced its determination to supply 25 million litres of PMS daily in September.

Nigerians woke up on Tuesday to see a change in the pump prices, from around N600 to N855/litre, M918/litre and above, depending on the area of purchase at NNPC stations nationwide.

Sources told our correspondents that there was a directive to the retail outlets to increase petrol prices.

It was gathered that the recommended petrol prices vary by location, as some now sell at N900.

It was confirmed on Tuesday that NNPC outlets in Lagos increased their price to N855/litre.

The directive to raise petrol prices stated that the NNPC Retail Management approved an upward review.

This is coming barely two days after the company admitted it was having challenges to import fuel due to a $6bn debt.

 

However, the spokesperson of the NNPC, Olufemi Soneye, declined comments when our correspondent contacted him.

When our correspondent explained to him on WhatsApp that the statement had been making the rounds and reports from NNPC filling stations showed a rise in fuel prices, he replied, “Thank you for reaching out. I have no comment on the matter at this time. If there are any updates, I will make sure to inform you.”

Our correspondent gathered from depot operators that N250 has been added to the pump price.

It was observed that some major marketers have also jerked up their pump prices close to 900/litre.

The North West filling station in Onigbongbo, Lagos sold at N920 while Amuf in Ibafo, Ogun State sold for N1,000 per litre.

It was observed that the sudden price rise caused tension among motorists, who rushed to filling stations to engage in panic buying.

In Lagos, the few stations selling petrol had long queues, leading to traffic gridlocks in different locations.

 

 

It was also observed that many filling stations did not open for business while many marketers refused to lift fuel.

An official of a petroleum company at Apapa confirmed to our correspondent that no marketer was in their depot to load petrol as of 2pm on Tuesday.

This he described as unusual, saying many marketers may not be able to afford the new price.

Before now, NNPC used to sell petrol to major marketers below N600/litre, while the independent marketers bought from private depots for about N900.

While there are fears that the private depots may face tougher challenges with this new price, black marketers sold the rpouct at N2,000/litre on Tuesday in Lagos.

Some black marketers, who spoke with one of our correspondents at Victoria Island, Lagos, offered to sell five litres of petrol at N15,000. During price negotiation, they rejected N8,000, insisting that the least the five litres could go was N10,000.

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11 states Received Alerts Over planned Release Of lagdo dam By Cameroon By shonibare Timileyin

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FG unveils plans to bring back 12,400 japa doctors

11 states Received Alerts Over planned Release Of lagdo dam By Cameroon

By shonibare Timileyin

 

 

The Federal Government on Tuesday alerted Nigerians to the water release from Lagdo Dam in Cameroon.

The FG made this known in a press statement signed by the Director General/Chief Executive Officer of the Nigeria Hydrological Services Agency, Umar Muhammed.

The statement noted that the authorities of the Lagdo Dam in Cameroon will initiate controlled water releases starting from Tuesday, September 17, 2024.

It said the water discharge is anticipated to progressively escalate to 1000m³/s over the next seven days based on the inflow from the upstream Garoua River.

The Nigeria Hydrological Services Agency wishes to notify the general public that the authorities of the Lagdo Dam in Cameroon have communicated to the agency that they will initiate controlled water releases at a rate of 100m³/s (8,640,000m³/day) starting today, 17 September 2023.

“The water discharge is anticipated to progressively escalate to 1000m³/s over the next seven days based on the inflow from the upstream Garoua River, which serves as the primary source into the reservoir and a significant tributary to the Benue River.

“Nonetheless, the dam operators have indicated that the planned water discharges will be gradual to avoid surpassing the conveyance capacity of the Benue river system and triggering substantial flooding downstream in Nigeria. The overflow from the Lagdo Dam is projected to cease once there is a noticeable reduction in the flow into the Lagdo reservoir,” the statement read in part.

The agency, however, said there was no cause for alarm.

“The agency unequivocally states that there is no need for alarm as major flooding downstream in Nigeria is not anticipated since the flow levels along the Benue River are still within cautionary limits.

“Nevertheless, it is of utmost importance for all states bordering the Benue River system, namely: Adamawa, Taraba, Benue, Nasarawa, Kogi, Edo, Delta, Anambra, Bayelsa, Cross Rivers, and Rivers, along with the government at all levels (federal, state, and LGAs) to heighten their vigilance and implement appropriate preparedness measures to mitigate potential flooding impacts that may arise due to an increase in flow levels of our major rivers during this period.

“The agency will continue to diligently monitor the flow conditions of the transboundary Benue River and the national inland rivers, and consistently provide regular updates on water levels across major rivers to prevent further flood disasters,” it added.

The dam is located in the Northern Province of Cameroon, on the Benue River, in the Niger basin. The lake covers an area of 586

The release of water from Lagdo Dam has long been a cause for concern for many in Nigeria as it affects many states because it serves as the entry point of River Benue.

Last week, there was a devastating flood in Borno State which killed over 30 persons and affected over a million citizens in the state.

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Third mainland bridge vandal arrested by the police By shonibare Timileyin

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Police Sgt, others arrested over related crime in Lagos

Third mainland bridge vandal arrested by the police

By shonibare Timileyin

Operatives of the Onikan Division of Lagos Police Command have arrested one Suspect, Yakubu Yusuf, for vandalising a segment of the Third Mainland Bridge railings.

This was disclosed in a statement on by the Lagos State Police Command on Wednesday.

According to the statement, Yusuf was arrested following information received by the division on the activities of some vandals operating along the Old School of Nursing area of the Third Mainland Bridge.

The statement reads, “Officers of Onikan Division after receiving information of the activities of some vandals who were vandalizing the railings of the bridge by Old School of Nursing inward Third Mainland Bridge, arrested one Yakubu Yusuf ‘m’ aged 28 and twenty one (21) long pieces of aluminum railings were recovered.”

The statement revealed investigation is ongoing to arrest other suspects

It added, “Investigation is on to arrest other fleeing suspects.”

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Dantata visits Maiduguri, donates ₦1.5bn to flood victims

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Dantata visits Maiduguri, donates ₦1.5bn to flood victims

Dantata visits Maiduguri, donates ₦1.5bn to flood victims

 

Elder stateman and business mogul, Alhaji Aminu Alhassan Dantata, has donated N1.5 billion to victims of the flood which ravaged parts of Maiduguri, Borno state capital.

Dantata made the donation when he led a delegation from Kano to Government House, Maiduguri, on Tuesday.

He extended his heartfelt condolences to Governor Babagana Zulum, the government and the people of the state, especially those who lost their beloved ones to the flood.

Dantata, 96, who lamented how the deterioration of the economy in the country, urged the elites and political leaders to repent and fear Allah in their dealing.

He also prayed for the peace and harmony of the Borno State and Nigeria at large.

Responding, Governor Zulum expressed heartfelt gratitude for Elder Stateman for his compassionate visit, acknowledging that its serves as a powerful beacon of hope and solidarity during the trying times.

“The people of Borno deeply appreciate this show of humanity by a 96-year-old to visit us. Let me say it, Our Baba has donated the sum of N1.5 billion to support the flood victims. May Allah bless and reward you with Aljannah. Mu gode, Baba, Zulum said.

The development comes after Dantata’s nephew, Alhaji Aliko Dangote, also made a N1 billion donation to the flood victims.

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