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NNPCL Slashes Petrol Price to ₦899 Per Litre, Offers Relief to Nigerians
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol from ₦1,020 to ₦899 per litre, bringing relief to Nigerians.
According to the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the new price varies regionally, with parts of the South-South selling at ₦970 per litre.
This price cut follows a similar move by Dangote Refinery, which recently reduced its petrol price to ₦899.50 per litre.
PETROAN President, Dr. Billy Gillis Hary, praised the reduction, stating it will:
Lower transportation costs.
Boost economic activities by reducing production expenses.
Improve Nigerians’ standard of living. The reduction comes as a welcome development, especially during the holiday season.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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