Connect with us

News

Finally, petrol hits N1000/ltr, queues resurface despite NARTO’s suspended strike

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Black market racketeers are currently taking advantage of the few day’s strike actions by tanker drivers, as the price of Premium Motor Spirit popularly known as petrol skyrocketed, hitting N1000 per litre in some parts of Lagos States.

Channels Television’s patrol team on Wednesday; observed that most filling stations in Lagos State, Ogun State and its environs, especially those belonging to the Independent Petroleum Marketers Association of Nigeria were under lock and key, while long queues were beginning to build up at stations belonging to the Nigerian National Petroleum Company Limited and the Major Energy Marketers Association of Nigeria.

While prices have climbed to N1000 per litre at the black market, MEMAN stations such as Eterna, NorthWest, TotalEnergies, Mobil, Capital Oil, Enyo, Conoil, ForteOil, MRS and others varied prices ranging between N599-N615 per litre.

MEMAN stations saw more vehicles throng their premises as consumers go in search of stations with the cheapest prices.

Advertisement

Most IPMAN stations at the moment are under lock and key due to a low supply of products, while those with products sell for nothing less than N650 per litre.

Most IPMAN filling stations around the Ikotun to Jakande Gate axis did not have products as of Wednesday morning, leaving motorists and private car owners at the mercy of either joining long queues at NNPCL or MEMAN stations.

Chairman Satellite Depot, IPMAN Lagos State, told Channels Television that NNPCL no longer supplies its members with products.

“NNPCL no longer give us products despite that the pipeline in our area has been repaired. We don’t know why they stopped using the pipeline to supply us with products. Maybe they fear vandalism. We now rely on private depots who sell to us at an ex-depot price of between N620/N622 per litre. By the time we take the products to our stations, the landing cost will be around N630 or more depending on the distance from the depot to our stations.

Advertisement

“Some people are selling around N650. It would have been cheaper if we bought directly from NNPCL at around N555 per litre,” he said.

The development comes following strike actions over operational challenges being faced by members of the National Association of Road Transport Owners and the Petroleum Tanker Drivers.

The drivers who commenced the strike on Monday, however, called it off on Tuesday after a meeting with the Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA).

NARTO National President of NARTO, Othman Yusuf, directed members to immediately resume petroleum loading activities after a meeting held in Abuja.

Advertisement

News

Baby factory dismantled in Mowe as Ogun police rescue pregnant women, children

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Ogun State Police operatives have dismantled an alleged baby factory at Abaren Village, Mowe, rescuing two pregnant women and four children while arresting six suspects including a nurse, following intelligence on suspected human trafficking and illegal adoption activities.

According to The Nation, the August 24 operation rescued Ilesanmi Foluke, 23, who is seven months pregnant, and Ejekwa Melody, 20, who is eight months pregnant. Four children were also recovered from the premises.

A follow-up operation traced a third victim, Blessing Bright Effiong, 26, to a nearby hospital where she had delivered a baby boy on August 20 — but the newborn’s whereabouts remain unknown. The case has been transferred to the State Criminal Investigation Department in Abeokuta for further investigation.

Continue Reading

News

ADC Kicks Against Endorsement of Tinubu by 500+ Jigawa Islamic Scholars

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The African Democratic Congress (ADC) has questioned the decision by more than 500 Islamic scholars and clerics in Jigawa State to endorse President Bola Tinubu for a second term in 2027.

The party’s Jigawa chapter described the endorsement as inappropriate, arguing that religious leaders should not allow political affiliations to compromise their independence or influence how they provide guidance to the public.

The ADC’s position was contained in a statement issued by its Jigawa State Deputy Chairman and North ADC Youth Ambassador, Ambassador Nuraddeen Suleiman Jidawa.

Jidawa acknowledged that individual clerics had the right to support candidates of their choice but maintained that such political positions should not be presented as the collective position of Nigeria’s Muslim population.

Advertisement

The party also disputed some claims reportedly made by the scholars in support of the Tinubu administration, including the attribution of the Kano-Dutse/Kano-Maradi railway project to the current government.

According to the ADC, the railway project was approved and awarded during the administration of former President Muhammadu Buhari in 2021.

The opposition party therefore challenged the Federal Government to provide details of major capital projects initiated and substantially completed by the Tinubu administration in Jigawa State.

The party also rejected claims that the country’s security situation had improved significantly, particularly in the North-West.

Advertisement

It cited reported incidents of kidnapping and terrorist attacks in Kaduna, Sokoto and Zamfara as indications that insecurity remains a serious national challenge.

The ADC further referenced a recent Al Jazeera report concerning a video purportedly showing abducted people being held by armed men following reports of mass abductions in Niger State.

The party argued that such developments made it inappropriate to describe Nigeria’s security crisis as resolved.

It urged voters to assess the Tinubu administration based on tangible results rather than political endorsements, listing security, employment, economic conditions, infrastructure, transparency and accountability among the areas that should be considered.

Advertisement

The ADC also renewed its criticism of the removal of petrol subsidy, arguing that the policy had contributed to higher transportation costs and increased prices of food and other essential goods.

It called on Islamic scholars and clerics to preserve their independence and avoid becoming tools for political mobilisation.

“While we respect the right of individual clerics to make their political choices, such endorsements should not be presented as religious verdicts or as the position of Nigeria’s Muslim community,” the party said.

The party said religious leaders should instead use their influence to demand accountability from political authorities and provide moral guidance to society.

Advertisement

The ADC urged Nigerians to make independent decisions ahead of the 2027 elections by examining how government policies have affected their livelihoods and the country’s overall development.

Continue Reading

News

Dangote Refinery raises fuel price by N15

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Dangote Petroleum Refinery and Petrochemicals FZE has raised the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026.

In a notice sent to customers on Tuesday, the refinery’s Group Commercial Operations announced new depot prices for gantry and coastal deliveries.

The email, titled ‘PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre)’, instructed customers to note the revised DPRP PMS gantry and coastal prices, starting August 26, 2026.

As per the notice’s table, the coastal price increased from N1,562,265 to N1,582,380 per metric tonne, while the gantry price rose from N1,185 to N1,200 per litre.

Advertisement

The refinery also asked customers to return all Authorisation to Collect documents for repricing, stating a new volume contract would be issued to resume immediate loading.

“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption. Should you require any further clarification, please do not hesitate to contact us,” the notice said.

The latest adjustment represents a N15 per litre increase in the gantry price and comes barely days after the refinery raised the price from N1,165 to N1,185 per litre.

The previous price increase was implemented at midnight on August 21, 2026, as reported by industry trackers.

Advertisement

However, the most recent hike occurs amid declining international crude oil prices.

Oilprice.com data from Tuesday indicated that West Texas Intermediate crude was trading at $82.13 per barrel, a decrease of $2.88 or 3.39%. Brent crude was priced at $88.37 per barrel, down $3.80 or 4.12%. Murban crude also dropped to $92.71 per barrel, a decline of $8.73 or 8.61%.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News