News
Dangote deal: Oil marketers promise reduced fuel prices
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/02/Refinery.jpg&description=Dangote deal: Oil marketers promise reduced fuel prices', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/Refinery.jpg&description=Dangote deal: Oil marketers promise reduced fuel prices', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
By Francesca Hangeior.
Oil marketers have assured that Premium Motor Spirit (PMS) prices will drop once they start directly lifting products from the Dangote Refinery.
The Nigerian National Petroleum Company Limited (NNPCL) is the sole entity lifting products from the refinery, which led to a significant surge in petrol prices.
Prices in Lagos have skyrocketed to ₦950 per litre, with consumers in northern areas paying up to ₦1,000 per litre.
The sharp increase has placed an additional strain on businesses and households already dealing with rising inflation.
However, in a move expected to provide relief to Nigerians facing soaring petrol prices, the Spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, yesterday, provided an optimistic outlook during an interview on National Television, monitored by The Nation.
He confirmed that discussions between marketers and the Dangote Refinery for direct product lifting are underway, and expressed confidence that prices will drop once these arrangements are finalised.
Ukadike emphasised the critical role independent marketers could play in stabilising petrol prices across the country.
“It is just very simple. It shows that the liberalisation of the market is on the course because there is no way Dangote refinery will be producing petrol in Nigeria without considering IPMAN as one of its strategic stakeholders,” he remarked.
Highlighting IPMAN’s extensive network of filling stations, which account for approximately 85 percent of the country’s distribution outlets, Ukadike suggested the involvement of independent marketers in product lifting from the refinery could resolve current pricing disparities.
He said: “We were even thinking that one of his first points of call was to discuss with IPMAN and not NNPCL because we can distribute every single drop of products produced by Dangote Refinery.”
He noted that competition and independence in sourcing products would drive down petrol prices, saying, “Immediately after we discuss and commence direct lifting of product from Dangote, the issue of pricing and differential in pricing will be gone. What we are seeing here is price disparity. But if IPMAN becomes independent, prices will drop.”
Drawing from the successful reduction in diesel (AGO) prices when independent marketers began sourcing directly from Dangote, Ukadike expressed optimism for a similar outcome with petrol.
“Dangote also opened up to IPMAN when he started producing AGO, diesel. We entered the market and started buying it, and prices of AGO came down from N1,600 to between N1,000 to N1,100,” he explained.
He concluded by calling for an inclusive market, noting, “This is a deregulated economy, and every stakeholder and player should be given equal opportunity.”
News
Cholera Outbreak: Plateau Records 5 Deaths, 11 Confirmed Cases
Plateau State commissioner for Health, Dr Nicholas Baamlong, has revealed that the state recorded 11 confirmed cases of cholera, five deaths and 53 suspected cases.
Baamlong, who disclosed this to journalists yesterday in Jos, said the confirmed and suspected cases were reported in Pushit, Mangu 1 and Mangu 2 communities in Mangu local government area (LGA).
According to him, the state Ministry of Health is intensifying public health interventions to contain the outbreak, prevent further spread and reduce its impact on affected communities.
He explained that the state had taken decisive actions to control the outbreak and protect its citizens via the deployment of additional Response Teams (RRTs) to the affected wards, scaling up of treatment centres and isolation capacity and the emergency procurement of Rapid Diagnostic Tests Kits, intravenous fluids and essential drugs.
The Commissioner further said that the ministry had activated an Incident Management System (IMS), for a comprehensive and multi sectorial response to the outbreak.
“The activation of the IMS ensures a coordinated, efficient, and accountable response structure in line with national and international emergency response frameworks,” he said.
Baamlong explained that cholera was an acute diarrhoeal disease caused by consuming food or water contaminated with the bacterium Vibrio cholerae.
He urged residents of Mangu LGA and neighbouring communities to remain vigilant and take preventive measures, including drinking safe water, maintaining proper hand hygiene, avoiding open defecation, and ensuring proper waste disposal.
He also advised residents to promply report suspected cases of cholera to the nearest healthcare facility for immediate attention.
While reaffirming the state government’s commitment to safeguarding the health and well-being of residents, Baamlong called on development partners and other stakeholders to support ongoing response efforts.(NAN)
News
South Africa says 2,745 foreigners sent home in a week
South Africa has repatriated 2,745 foreigners in the week after President Cyril Ramaphosa vowed tougher action against illegal immigration, the country’s home affairs minister said on Sunday.
One of Africa’s largest economies, South Africa has long attracted migrant workers from across the continent, both legally and illegally.
But saddled with an unemployment rate above 30 percent, it has experienced recurring spurts of anti-immigrant unrest, including fresh violence in recent weeks.
Mobs of South Africans carrying sticks, whips and shields have marched through parts of the country ordering foreigners with no residency papers to leave by June 30.
Growing security fears after businesses were looted and foreigners targeted have prompted citizens of Nigeria, Malawi, Ghana, Zimbabwe and Mozambique to accept voluntary repatriation organised by their governments.
“As of last night, the number we can report is 2,745 repatriations that have come in this period since the president spoke,” Home Affairs Minister Leon Schreiber told reporters.
“It is a moving target,” he said.
The government said most of those repatriated were in the country illegally.
They include Malawian nationals, about 7,000 of whom have been sheltering in an open field in the eastern port city of Durban, according to an inter-ministerial migration committee set up after the president’s address.
Eight buses commissioned by the Malawian government began moving its citizens on Sunday, with South Africa providing 10 additional buses to speed up deportations, the committee said.
Some 560 people, including about 200 children, took the journey on Sunday, Malawi Consul General Max Biwi said.
Among those boarding the first buses, some carried babies on their backs and small bags of belongings.
“I’m relieved we are finally leaving. It’s better than living in fear here,” said Fortunate Chilenje from Blantyre, Malawi’s commercial capital.
The 25-year-old had lived in South Africa for three years, she told AFP, adding that threats to leave had followed her even at the camp, one of the largest to emerge since the unrest began.
The government said on Sunday it did not operate refugee camps and had no intention of establishing them, even on a temporary basis.
Another passenger, Laina Nala from Mangochi in southern Malawi, said she simply wanted to be dropped as close to her home as possible, rather than continuing on to Blantyre.
“Blantyre is too far and expensive from there,” she said.
For Hassan Hasha, 27, a debt linked to his journey to South Africa still hung over his head.
He said he had barely stayed in South Africa for weeks before the anti-foreigner sentiment flared, but added: “I have resigned myself to going home”.
Last week, Ramaphosa acknowledged public concerns over illegal immigration but warned that the authorities would not tolerate anyone taking the law into their own hands.
Tensions escalated after two Mozambicans were killed following a May 29 march against illegal migrants in the Western Cape town of Mossel Bay. Mozambican authorities put the toll at five.
There are more than three million foreigners living in South Africa, or 5.1 percent of the population, according to the statistics agency.
News
FCT residents decry rising cost of tomatoes
Many residents of the Federal Capital Territory (FCT) have expressed concern over the continued increase in the price of tomatoes.
The residents told the News Agency of Nigeria (NAN) on Sunday in Abuja that the situation was making things difficult for both traders and residents.
A market survey conducted by NAN in some markets in the FCT showed a sharp rise in tomato prices in recent weeks.
A vegetable seller at the Suleija market, Malam Isah Ado, said they were facing challenges in their business due to the surge in tomato prices.
Ado said a big basket of tomatoes, which sold for between N85,000 and N90,000 a few weeks ago, currently sells for between N150,000 and N170,000.
He attributed the rise in price to seasonal scarcity, post-harvest loses and high cost of transportation from farms to markets.
A tomato seller at Garki New Market, Ms Philomena Bassey, lamented that the cost of transporting produce from the producing states to the markets had continued to increase.
“Customers think we are ripping them off and making a lot of profit from our sales, but that is not the case.
” We buy these tomatoes sometimes cheaply from the farms where they are produced, but by the time they get to Abuja, the price will have gone up.
“So, we have to factor in all of these factors, which makes the cost of the product increase,” she said.
A small-scale trader popularly known as Mummy Juli, who resides in Kubwa village, said tomatoes were very scarce in the market these days.
” The scarcity has made tomatoes very expensive to buy, thus forcing us to also adjust our prices.
“I used to share a basket of tomatoes with three other traders, but now I have to share with five colleagues because of the increased price in the market,” she said.
She told NAN that a small bucket of tomatoes she usually sells for between N4,000 and N4,500 now sells for between N8,000 and N10,000.
“Due to the hike in price, I can no longer sell a portion of tomatoes for less than N1,000 as against N100.
” This has led to reduced sales in my business because the majority of my customers are very low-income earners who buy in small quantities.
“As the situation is right now, there is nothing I can do; I have to keep managing and hope for the best,” she said.
Mrs Angella Ikenna, a mother of two, shopping at the Dutse Market, said the rising cost of tomatoes was taking a toll on her family’s feeding expenses.
“I used to buy the tomatoes I need for a week, but due to their price, I now buy only what I need for a day or two,” she said.
Similarly, Mr Moses Sunday, a nurse, lamented that the rising cost of tomatoes was compounding the country’s economic situation.
Mrs Badia Muhammad, a resident of Dei-Dei, said the rise in tomato prices was affecting many households.
“We use tomatoes almost in every meal, but due to the sharp rise, we can no longer afford to buy them as we used to and have to opt for cheaper alternatives.
“We appeal to the government to address the issues affecting the supply of tomatoes and implement measures that will enhance production.
-
News16 hours ago31.5kg cocaine trafficking: 11 Indian sailors, ship convicted, fined $6m
-
Crime15 hours agoNDLEA nabs businessman with 6.10kg cocaine starched in shirts, towels from Brazil+Photos
-
Sports15 hours agoPSG’s Barcola hands over transfer request as Aresenal, Liverpool show interest
-
Foreign15 hours agoHormuz to reopen on Sunday after US-Iran sign deal-Trump
-
Sports10 hours agoReal Madrid complete a Shocking Signing of Chelsea Superstar
-
Politics15 hours agoNew Delta Vision not a political project, but generational movement, Delta State’s ADC candidate Unuafe clarifies
-
News14 hours agoECOWAS Parliament Convenes High-Level Dakar Summit to Drive Renewable Energy Push in Rural West Africa
-
News13 hours agoDeputy Speaker Pushes for Home-Grown Defence Industry, Stronger Financial Crackdown on Insecurity

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login