Connect with us

News

NNPC releases new estimated petrol price breakdown

Published

on

The Nigerian National Petroleum Company (NNPC) Limited has issued an updated breakdown of the estimated price of petrol purchased from the Dangote Refinery.

Earlier, on Monday morning, the NNPC provided a chart detailing the refined petrol it acquired from the refinery on Sunday, September 15.

According to NNPC, payments for the September 2024 petrol supply are being made to Dangote Refinery in US dollars, with Naira-based transactions scheduled to begin on October 1, 2024.

The statement from NNPC reads: “NNPC Ltd. has released the estimated prices of Premium Motor Spirit (PMS), also known as petrol, sourced from the Dangote Refinery, for distribution at its retail outlets nationwide.

Advertisement

“These prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery, taking into account current international gasoline prices and the prevailing foreign exchange rate, in accordance with the Petroleum Industry Act (PIA) 2021.

“NNPC Ltd. confirms that it is making payments in USD for the September 2024 PMS supply, with Naira payments starting on October 1, 2024.

“We assure Nigerians that any discounts received from Dangote Refinery will be fully passed on to the public.”

Although the estimated pricing details across the country remained unchanged, the NNPC modified some aspects of its transaction analysis with Dangote Refinery.

Advertisement

The initial statement released on Monday listed a Nigerian Midstream and Downstream Petroleum Regulatory Authority fee of N8.99, while the revised version showed a fee of N4.495.

The earlier breakdown included an inspection fee of N0.97, a margin fee of N26.48, and a distribution fee of N15. However, in the second release, the inspection and margin fees were removed, and the distribution fee was adjusted to N42.45.

Additionally, the updated statement introduced a Midstream and Gas Infrastructure Fund fee of N4.495.

Advertisement
Continue Reading
Advertisement
1 Comment

1 Comment

  1. Smar Omoghene Agbawe

    September 17, 2024 at 9:28 am

    How much would Nigeria buy a liter of fuel? That is what we want to know and stop beating around the bush

Leave a Reply

Your email address will not be published.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

News

Super Eagles: Akpabio condemns maltreatment in Libya, calls for stiffer penalties

Published

on

By Kayode Sanni-Arewa

The President of the Senate, Senator Godswill Akpabio, CON has condemned in strong terms the nasty treatment of members of the Super Eagles, and its delegation to a return leg of the 2025 African Cup of Nation (AFCON) qualifier in Libya.

Akpabio, in a statement by his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh decried the antics and shameful behaviour of the Libyan officials and authorities saying, “This unfortunate incident is a stark reminder of the disregard for human dignity and the lack of respect for international norms”.

He declared that the reported mistreatment of our players is not only unacceptable but also a breach of the principles of fair play and sportsmanship that underpin international football competitions.

Advertisement

As the President of the Senate, I stand in solidarity with the Super Eagles, the Nigeria Football Federation (NFF), and the entire Nigerian football community in condemning this unjust treatment. The Nigerian Senate will continue to monitor this situation closely and ensure that the rights and dignity of our citizens are protected. We will not tolerate any form of mistreatment or disrespect towards our nationals, regardless of the circumstances.

We demand a thorough investigation from the Disciplinary Committee of the Confederation of African Football (CAF) and appropriate sanctions to be meted out against those involved.

It is also imperative that the Libyan authorities take immediate action to investigate this incident and ensure that those responsible are held accountable to prevent future occurrences.

We call on the international football community to condemn this unacceptable behaviour and support our demand for justice.

Advertisement
Continue Reading

News

Just in: AEDC restores power in some parts of Abuja

Published

on

By Mario Deepromoter

The power outages Nigerians experienced on Monday evening have been restored in some parts of Abuja Electricity Distribution Company franchise areas.

A check carried out by NAN revealed that places like Deidei, Suleja, Lugbe, Kuje and other areas had their light restored on Tuesday at about 5:15 am.

Customers in the AEDC were told of the disruption in supply, which was attributed to the collapse of the National grid.

Advertisement

In a statement on its Twitter handle on Monday, the company said that the system collapse occurred at about 6.58 pm.

Be rest assured that we are working with relevant stakeholders to restore power as soon the grid stabilises,” it said.

NAN

Advertisement
Continue Reading

News

Bayero v Sanusi: Court of Appeal fixes new date To hear Kano Emirship dispute

Published

on

By Mario Deepromoter

The Court of Appeal in Abuja has set October 17 for the hearing of appeals related to the ongoing emirship tussle in Kano State.

The dispute centres around the appointment of the Emir of Kano, a position that has sparked legal challenges involving several parties.

A three-member panel of justices, led by Justice Mohammed Mustapha, reserved judgment on Monday after listening to submissions from the lawyers involved.

Advertisement

The two major appeals are filed by Alhaji Aminu Ado Bayero against the Attorney General of Kano State and 10 others, as well as a separate case involving the Kano State House of Assembly versus Alhaji Aminu Babba Dan Agundi and six others.

The hearing will also address a motion to stay the execution of the July 25 judgment concerning the enforcement of fundamental rights.

A Federal High Court in Kano, presided over by Justice Abdullahi Liman, has nullified Governor Abba Yusuf’s decision to depose Emir Ado Bayero and appoint Muhammadu Sanusi II on May 23.

The court also held as “null and void” the Kano Emirate Council (Repeal) Bill, 2024, passed by the Kano State House of Assembly, which voided Bayero’s seat.

Advertisement

The judge said, “The above action violates the order of this court earlier stated,” adding “The balance of convenience is on the applicant herein (Alhaji Aminu Babba Dan Agundi).”

However , the ruling comes as a Kano State High Court had also restrained Ado Bayero from acting as the emir.

NAN

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News