Connect with us

Headlines

Petrol Pump Price Now N168-170 As NNPC Increases Depot Price to N155

Published

on

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre.

The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali.

The memo, a copy of which was seen by our correspondent, said 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 said the estimated minimum pump price of the product would increase to N161.36 per litre from N153.86 per litre.

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, in a telephone interview with our correspondent, said the over N7 increase in ex-depot price would translate into an increase in pump prices.

He said, “The implication of the increase in the ex-depot price is that 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.

“Crude oil price is going up,” he said, noting that the Federal Government has fully deregulated petrol prices.

Following the deregulation of petrol prices in September, marketers across the country adjusted their pump prices to between N158 and N162 per litre to reflect the increase in global oil prices.

Petrol price band had also risen from N121.50–N123.50 per litre in June to N140.80-N143.80 in July and N148-N150 in August.

The Minister of State for Petroleum Resources, Timipre Sylva, said in September that the government had stepped back in fixing the price of petrol, adding that market forces and crude oil price would continue to determine the cost of the product.

The Punch

Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Heartbreak As Congo Ends Super Eagles 2026 World Cup Dreams

Published

on

The Super Eagles’ 2026 World Cup dream suffered a major blow on Sunday as DR Congo advanced to the intercontinental playoff following a dramatic penalty shootout at the Prince Moulay Abdellah Stadium in Rabat.

Nigeria’s hopes of qualifying ended in heartbreaking fashion, marking the second consecutive year the Super Eagles will miss out on the world stage.

The match ended 1–1 after 120 minutes of regulation and extra time, sending the high-stakes encounter to penalties.

Nigeria initially went ahead through Frank Onyeka in the third minute, but DR Congo equalised in the 32nd minute through M. Elia.

Extra time saw both teams create chances, with Tolu Arokodare missing a header for Nigeria and Nwabali making a crucial save from a DR Congo free kick, but neither side could break the deadlock.

The tension continued into the penalty shootout.

Nigeria’s Calvin Bassey and Moses Simon missed early chances, while Nwabali denied DR Congo’s first penalty.

Akor Adams kept the Super Eagles alive, but DR Congo struck back through Sadique and later scored the decisive fourth penalty, leaving Nigeria trailing 4–3 in the shootout.

The victory sets up DR Congo for a chance to secure one of the final World Cup tickets to the expanded 48-team tournament in the United States, Canada, and Mexico.

Nigeria’s defeat marked the second consecutive year the Super Eagles will miss out on the world stage.

Both teams had earned their places in the final after dramatic semi-finals.

Nigeria had booked their place in the final with a dramatic 4–1 extra-time win over Gabon in Thursday’s semi-final at the Moulay El Hassan Stadium.

DR Congo also advanced with a 1–0 victory over Cameroon at the Al Barid Stadium the same evening.

The Leopards now await their intercontinental playoff opponent, keeping alive their hopes of reaching the 2026 World Cup, while the Super Eagles’ campaign comes to an agonising end in Rabat.

Continue Reading

Headlines

Just In: PDP Expels Wike, Anyanwu, Fayose, Others

Published

on

The Peoples Democratic Party (PDP) has expelled Minister of the Federal Capital Territory (FCT) Nyesom Wike, its suspended National Secretary, Samuel Anyanwu, and former Governor of Ekiti State, Ayo Fayose.

Their expulsion was announced on Saturday at the party’s National Convention in Ibadan, Oyo State.

Continue Reading

Headlines

Trump Didn’t Lie, There’s Christian Genocide in Nigeria, PFN Insists

Published

on

The Pentecostal Fellowship of Nigeria (PFN) has insisted that there is Christian genocide ongoing in Nigeria, hence demanding end to the alleged Christian killings.

Speaking on Thursday  after an emergency executive meeting of the Fellowship held at its national headquarters in Lagos, PFN President, Bishop Francis Wale Oke, said the body would no longer remain silent while Christians are “targeted, killed, raped, and displaced” across the country.

He said: “There is Christian genocide going on in Nigeria. If we call it by any other name, it will bring Nigeria down. We are crying out to our international friends, beginning with America and Donald Trump. Whatever you can do to help our government put an end to it, come quickly and get it done. When on Christmas Day, Christmas Day was turned a bloody day in Benue State, and hundreds were massacred. And we are to be conducting mass funerals when we are not in open conflict. What do you call that? And this is different from individual cases.

“Let us call a spade a spade. There is Christian genocide ongoing in Nigeria,”Bishop Oke declared.

“Even while we speak, killings are still taking place in Borno, Plateau, and Benue states. When 501 Christians were massacred in Dogon Noma in Plateau, what do we call that? When Christmas Day turned into a bloody day in Benue, with hundreds massacred, what name should we give it?

While noting that the United States President Donald Trump spoke the truth, the PRN President cited the case of Leah Sharibu who was abducted alongside other Chibok girls and has since remained in captivity.

“Like the case of Leah Sharibu. Where is Leah Sharibu? Like the case of Deborah that was lynched and burned alive in Sokoto? What about that? And several of our girls were kidnapped and forced, given out as wives by force without the consent of their parents and their Christian parents. And the Christian parents would not see them for years.And this has been going on. We have been talking and we are not taking it seriously. And it has been going on again and again, until Donald Trump now spoke. And Donald Trump spoke the truth. There is Christian genocide going on in Nigeria.

“Like you will have picked in the news, even since this narrative began, killing was still going on in Borno, in Plateau, in Benue, up until yesterday. What are we saying? When 501 Christians were massacred in Dogonaya in Plateau State, what do we call that? And for no offense other than they are Christians.”

Oke recalled that the Christian community had repeatedly called the attention of the government to the alleged genocide with no decisive action from the authority.

The cleric expressed his backing for President Trump’s intervention, adding that Trump only echoed what Nigerian Christians had been saying for year

“I was part of the team that went to see the immediate past President, Muhammadu Buhari. We spoke very strongly about this and the President listened to us, but he completely ignored the main issue we came for, If we came and spoke with such vehemence, with such passion, and then you pick the peripheral matter and left this matter alone, I knew that day that his government was complicit in what was going on,” he added.

Oke alleged that the killings across parts of Nigeria were systematic and targeted on Christians, lamenting that the killings had continued unchecked despite repeated appeals from the Church.

“The evidence is all over the place. There is nothing anybody can say that can whitewash it. It is evil, it is blood shedding, it is mass murder and it is genocide. The time to stop it is now. That is what the church in Nigeria is saying with one voice.

“Christians in this nation must be free to practice their faith in any part of Nigeria as bona fide citizens of Nigeria.

“These armed bandits, Fulani herdsmen, Boko Haram, ISWAP, all of them using Islam as a cover. We have been living in peace with our Muslim brothers for a long, until this violent Islamic sect came up with an intent to make sure they impose Sharia on all Nigerians,” Oke said.

Bishop Oke called on President Bola Tinubu to decisively  overhaul the nation’s security architecture, and ensure justice for victims of religious violence. He questioned why those responsible for notorious attacks—such as the killing of Deborah Samuel in Sokoto and the abduction of Leah Sharibu and the Chibok schoolgirls—remain unpunished.

“The government should prove by action, not words, that it is not complicit,” he said. “When hundreds are buried in mass graves and the whole world sees it, who can deny it? Why should we play politics with the blood of Nigerians?”

The PFN urged President Tinubu’s administration to rebuild trust by ensuring that the security architecture of the country is not infiltrated by those sympathetic to extremist ideologies.

Oke further condemned the government’s rehabilitation of so-called “repentant terrorists,” describing the move as a grave security.

He assured Christians that the PFN would continue to speak out until the killings stop. “We are not going to keep quiet. We will keep raising our voices until justice is done and every Nigerian, regardless of faith, can live in peace. The truth may be suppressed for a time, but it cannot be buried forever,” he said.

The meeting, which drew PFN leaders from across the country, reaffirmed the body’s commitment to national unity, peace, and the protection of fundamental human rights, while urging the media to “side with the oppressed” and report the truth without fear or bias.

Continue Reading