Despite several government interventions to stabilise the price of petrol price in the country, findings have shown that the ex-depot price of the commodity has risen to N237 from N148 per litre in the third quarter of last year.
Data obtained by The PUNCH from a market update report, ‘Industry Data Sheet’ prepared by the Major Oil Marketers Association of Nigeria, revealed that as of March 3, petrol was sold to oil marketers at N237 per litre at Ibafon/Tincan depot compared to N240 per litre it was sold two days earlier.
Petrol scarcity had seen ex-depot price rise from N148 per litre as of the third quarter of last year to over N200 per litre. Osatuyi explained that the N172 ex-depot price was excluding haulage cost to wherever the marketer was taking the product to.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NLC gives FG 7-day ultimatum to resolve petrol, cash scarcity | TheCableThe Nigeria Labour Congress (NLC) has issued a seven day ultimatum to the federal government to end the petrol and cash scarcity being experienced in the country. Joe Ajaero, NLC’s
Read more »
Customs seize smuggled rice, petrol in OgunThe Nigeria Customs Service in Ogun State impounded some smuggled goods including 11 trailers of smuggled rice, 19,806 litres of petrol and 29 artefacts worth N231m between January and February.
Read more »
Minister: FG yet to harmonise discussions on palliatives for petrol subsidy removal | TheCableClem Agba, minister of state for budget and national planning, says relevant committees on post-petrol subsidy palliative measures have not harmonised their discussions. Agba spoke on Wednesday while addressing journalists
Read more »
'Wasted money': Rwanda splurges on sports despite criticismFirst, it was a multi-million dollar sponsorship of English Premier League club Arsenal in 2018, followed by a splashy deal to back French giants Paris Saint-Germain a year later.
Read more »
Old Naira Notes: Despite CBN Directive, It's No Show In BornoOur correspondent gathered from both customers and some bank staff that even though the CBN gave directive to the commercial banks to dispense the old naira
Read more »
Bank e-Payment Glitches Continue Despite Soaring Transaction VolumesAlthough, the volume of e-payment transactions increased significantly in February 2023, rising by 121 per cent year-on-year, electronic payment glitches have
Read more »