• About Us
  • Advertisement
  • Contact Us
  • Donate
Matthew Tegha Blog
  • Home
  • News
  • Entertainment
  • Events
  • Gist
  • Sports
  • Music
  • Business
  • Fashion
  • Politics
No Result
View All Result
  • Home
  • News
  • Entertainment
  • Events
  • Gist
  • Sports
  • Music
  • Business
  • Fashion
  • Politics
No Result
View All Result
Matthew Tegha Blog
No Result
View All Result
Home News

Federal Government Raises Petrol Price to N185 Per Litre

Vicky MTB by Vicky MTB
January 20, 2023
in News
14 0
0
Fuel%2BPump.jpg
29
SHARES
287
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Federal Government has announced an increase in the price of petrol by 8.8 per cent to N185 per litre, from N170 per litre.

The ex-depot price also shot up from N148 per litre to N167.

However, Vanguard’s findings show that many filling stations have been selling far above this new price, a situation which may have made the new price almost unrealistic.

In a notice to fuel marketers, yesterday, the government directed that the new price should take immediate effect.

Vanguard gathered yesterday that a few petrol stations belonging to the Major Marketers Association of Nigeria, MOMAN, have already adjusted their pumps in line with the new price directive.

The development caused further anxiety for motorists who spent hours in fuel queues in search of the product.

A source said an internal memo was sent by the government to all marketers, including the Major Oil Marketers Association of Nigeria, MOMAN, and the Independent Petroleum Marketers Association of Nigeria, IPMAN.

Responding to the development, the President of the IPMAN, Mr Chinedu Okonkwo, told Vanguard yesterday, “So I heard but we are waiting for the circular because without that we cannot do anything. Hopefully, by tomorrow (today) we will get a clearer picture.”

When told that some major oil marketers have adjusted their pump price to the new approved price, he said,

“well they can adjust as the product is scarce to get at the moment, but with the new approved price, we hope to get products so we can sell to consumers”

Commenting on the development, the National Operations Controller, of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Mr Mike Osatuyi, said his members had continued to lift the product at N240 per litre.

However, most independent retailers of petrol in Lagos have adjusted their pump prices to between N290 and over N300 per litre.

But most of the IPMAN petrol stations do not have stocks of petrol, forcing a few with the products to sell at exorbitant prices.

An independent market, Betsy Petrol at Alimosho LGA, Lagos told Vanguard that they were actually selling the last stock they had yesterday.

“I have pity for the Keke Marwa (commercial tricycle operators) and Okada (commercial motorcycle riders) who have been coming to the filing station in search of fuel. That is why I decided to open today and sell the little stock I have”.

The Federal Government had earlier concluded plans for the gradual removal of petrol subsidy from April 2023 in order to achieve stability in the downstream sector of the petroleum industry.

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: fgincrease in Petrol PriceIPMANN185 Per Litre
Share12Tweet7SendPin3

Related Posts

Anambra Signs MoU On Power Supply
News

Anambra Signs MoU On Power Supply With EEDC, Promise ’24-Hour Electricity’ (Photos)

by Vicky MTB
March 25, 2023
0

The Anambra government has made bold moves to ensure a better supply of power around the state as the government signed...

Read more
Doyin-Okupe

Organ Harvesting: Ex DG, Okupe Reacts As Court Finds Ekweremadu, Wife Guilty

March 25, 2023
Nasarawa Women Protest Naked

Guber Polls: Nasarawa Women Protest Naked Against Governor Sule’s Victory (Photos)

March 25, 2023
INEC Protesters

2023 Polls: Protesters Storm INEC Office, Accuse Yakubu Of Electoral Fraud

March 25, 2023
Super-Eagles-Iran-June2014.jpg

Reactions Trail Super Eagles’ vs Guinea-Bissau 1-0 AFCON Qualifier Shock Defeat

March 25, 2023
Load More

Leave a Reply Cancel reply

  • UNIJOS lecturer allegedly pours hot water on wife (Graphic Photos) 4

    UNIJOS lecturer allegedly pours hot water on wife (Graphic Photos)

    506 shares
    Share 202 Tweet 127
  • Check out New Movies Schedule in Jos Plateau, Mees Palace Cinemas

    460 shares
    Share 184 Tweet 115
  • Drama as popular comedian, Osama berates Rhythm FM & OAP David King on live Radio

    444 shares
    Share 178 Tweet 111
  • Plateau FOGMMON Member, Rev. Jordan King kidnapped along Abuja-Jos road (Video)

    295 shares
    Share 118 Tweet 74
  • Drama in Plateau as Youths Wash “Diseases”, Stadium venue of APC Presidential Flag-off

    266 shares
    Share 106 Tweet 67
Anambra Signs MoU On Power Supply

Anambra Signs MoU On Power Supply With EEDC, Promise ’24-Hour Electricity’ (Photos)

March 25, 2023
AY and Basketmouth

AY Opens Up On His Beef With Basketmouth, Makes New Revelations (Video)

March 25, 2023
Doyin-Okupe

Organ Harvesting: Ex DG, Okupe Reacts As Court Finds Ekweremadu, Wife Guilty

March 25, 2023
ADVERTISEMENT
mtblogo

CONTACT US:

matthewteghaBLOG is News and Entertainment Blog built to inform and educate the general public with apt and correct stories

For News Tips & Updates +234 803 821 4090
[email protected]

Quick Links

  • About Us
  • Advertisement
  • Contact Us
  • Donate

Donate

By contributing to MTB, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
DONATE HERE

  • About Us
  • Advertisement
  • Contact Us
  • Donate
  • Home
  • Jos Plateau State
  • Privacy Policy
  • SiteMap

© 2020 MTB powered by MTB Multimedia

No Result
View All Result
  • Home
  • News
  • Entertainment
  • Events
  • Gist
  • Sports
  • Music
  • Business
  • Fashion
  • Politics

© 2020 MTB powered by MTB Multimedia

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

%d bloggers like this: