National News
Breaking: NNPC hikes pump price after lifting fuel from Dangote refinery
In a shocking move, the Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of Premium Motor Spirit (PMS) from N855 to N950 per litre within Lagos, effective immediately.
This comes after the company lifted fuel from the Dangote Refinery, which was expected to lead to a reduction in prices.
According to a press release by the NNPC, the estimated pump prices are based on September 2024 pricing, and the company is paying Dangote Refinery in USD for the fuel, with Naira transactions set to commence on October 1st, 2024.
The NNPC claims that PMS prices are not set by the government but are negotiated directly between parties on an arm’s length basis, citing the Petroleum Industry Act (PIA).
However, many Nigerians are outraged by the sudden price hike, taking to social media to express their disappointment and frustration.
The NNPC has assured that if the quoted pricing is disputed, it will pass on any discount from the Dangote Refinery to the general public.
https://x.com/nnpclimited/status/1835477906786562280?t=NtfR8tfh8td583AR5__KJg&s=19
A Nation of barbarians in identity crisis, by Basil Odilim
Wike hails Tinubu over infrastructural development
Shehu Sani slams military over misuse of funds
Breaking: Northern govs declare support for state police to end insecurity
Group rejects alleged N200m bribe to stage protest against Tinubu, Matawalle
Atiku condemns detention of ex-lawmaker
Arsenal set to trigger Zubimendi’s release clause
Why Delta ranks highest in oil production — Commissioner
NNPP: Kwankwaso describes defectors to APC as betrayal
Juma Jux announces date for grand finale wedding with Priscilla Ojo
Obi Cubana celebrates 50th birthday, reflects on life journey
Breaking : FG releases N50bn to settle ASUU, other staff allowances
Breaking: FG declares April 18, 21 public holidays for Easter celebration
Breaking: Kwankwaso making moves to join APC, Ganduje reveals
Obi Cubana earns praise for correcting son’s conduct during peter obi’s visit
IG Wala calls for disbandment of NAHCON
FG budgets N10b for solar power at presidential villa
How I was offered N200m bribe for my new protest song – Eedris Abdulkareem
Breaking: Kwankwaso no longer attractive in Kano, minister rejects ex-gov’s defection
Jesus hates poverty, never associated with any poor person – Pastor David Ibiyeomie
We didn’t authorize petition against Mele Kyari, group tells AGF, EFCC
Breaking: Nationwide strike looms as ASUU issues 21-day notice
Inuwa Yahaya condoles with RFI over loss of Kabir Yusuf
Guardiola issues Erling Haaland fitness update ahead of Wolves
-
National News2 days agoZuma Rock Resort explores UNESCO global Geopark designation
-
Crime and Law2 days agoFans worry over VeryDarkMan’s health after regaining freedom from EFCC detention
-
Crime and Law1 day agoAPC members storm EFCC, call for re-opening of alleged corruption case against Matawalle
-
Education1 day ago2025 UTME: Simple steps to check your JAMB result
-
Special Feature11 hours agoMatawalle: The inertia of the saddest minds, by Lawal Umar Maradun, Ph.D.
-
Entertainment2 days agoDavido wins hearts after respectfully greeting prominent politician
-
Sports2 days agoDonnarumma agrees PSG new deal
-
Crime and Law2 days ago
Lawyer opens up on Verydarkman’s bail conditions