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PPMC increases Depot price of Petrol to N155.17

Benjamin Ukpabi

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PPMC increases Depot price of Petrol to N155.17

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. (PPMC)

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.

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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.

(PPMC)

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.

(PPMC)
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.

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“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. (PPMC)

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Jerry Rawling’s death not covid-19 related- family says

Wisdom Nwachukwu

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The family of the former president of Ghana has made it clear that late Jerry Rawlings died after a brief illness and not as a result of covid-19.

Jerry’s death was confirmed by his family on Thursday morning. The former presidents family in a statement said “It is with deep sadness that the family of His Excellency Jerry John Rawlings (Rtd), informs the general public that the former President of the Republic died on Thursday morning after a short illness.

“We request privacy at this difficult moment. Details of funeral arrangements will be announced in due course.”

Ghanaian  government has declared a seven days mourning for the former President who served the country well.

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Husband drags wife to court over improper dressing

Wisdom Nwachukwu

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Rowland Ogunebo on Thursday has sued his wife before a customary court in Ibadan, on the grounds of improper dressing and adultery.

Mr Rowland said in court” I can no longer live with Blessing. She has no regards for any of my family members.

“She does not dress like a married and responsible housewife. She wears mini-skirts and other skimpy dresses.

Whenever I asked her to change, she rains insults on me,” he said.

Blessing the wife opposed the suit and said ”I still love my husband because we have two children together. My husband hates the way I dress because he is not fashionable,”.

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The magistrate of the court Henry Agbaje, adjourned the matter until Dec. 3 for the couple to produce more evidence. he advised the couple to remain calm till the new court date.

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Nigerian traders in Ghana begs the Federal Government to evacuate them back Home

Wisdom Nwachukwu

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Nigerian traders in Ghana on Wednesday has begged the federal government to please evacuate them from Ghana.

The traders through the Chairman of the Nigerian Diaspora Commission(NiDOM), Mrs Abike Dabiri-Erewa, wrote a letter to the federal government requesting for an urgent, peaceful return to Nigeria.

Another signatory to the letter  Mr Gabriel Odu  the media, public relations and protocol Unit of the Nigerian Diaspora Commission(NiDOM) , said the traders had two associations where they belong to the Nigerian Union of Traders in Ghana (NUTAG) and the National Association of Traders (NANTS).

Mr Odu said that the letter was endorsed by 753 traders from the two associations. In the letter they said that the increase harassments, intimidation, high taxes and treat to live that they have witnessed, it resulted to a total shut down of their businesses in Ghana.

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They said “Diplomatic niceties at the highest level between Nigeria and Ghana have not yielded positive results.

“Landlords are coming to ask us for rent. How do we pay with our shops locked up for so long? We are dying here”, the traders lamented in the letter.

Mrs Abike said that some shops have been shut down for more than a year due to the regulations by Ghanaian Government, she further pleaded with Nigerian authorities to please respond and treat this letter with utmost importance.

 

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