By Esseh Ikora, Uyo As high cost of
petrol pump price cripples economic activities in Akwa Ibom state, the leadership of the state Chapter of...
The AA said the average
petrol pump price has dipped from 127.22 p a litre in mid-October to 122.93 p this week.
As high cost of
petrol pump price cripples economic activities in Akwa Ibom state, the leadership of the state Chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN), has accused Major Oil Marketers Association of Nigeria (MOMAN) for the high cost of the product in the state
«In other words, President Buhari increased
petrol pump price because the country was broke and it needed to shore up its revenue base.
Ekiti State Governor, Mr Ayodele Fayose has accused the federal government of deliberately causing the current scarcity of fuel in the country so as to be able to justify the planned increment of
petrol pump price from N145 to N185 per litre.
By raising fuel duty by 1p above inflation every year it ensured tax became a large proportion of
petrol pump prices, but since 2010 the proportion has fallen steeply.
Not exact matches
As a result,
petrol prices at the
pumps have contributed significantly to CPI inflation over the year and, to a lesser extent, have probably also contributed to some of the pick - up in underlying inflation measures.
Gasoline
prices up: Americans are expected to spend an average of $ 400 per household more on fuel this year than in 2016, as the rebound in crude
prices is reflected in the cost of
petrol at the
pump.
The
prices at
petrol pumps of state - owned fuel retailers like Indian Oil Corp (IOC) were cut by 1 - 3 paisa every day in the first fortnight of December 2017 before Gujarat went to polls.
The strong
prices boosted the kiwi, which was bad news for exporters but good for the New Zealand consumer, at the
petrol pump, for example.
The Nigeria Labour Union Monday, insisted that it will proceed on its industrial action, slated to commence on Wednesday should the Federal Government fails to yield to its request by reversing to old
pump price of
petrol.
The N58.50 added to the previous
pump price of N86.50 was an Indirect Tax imposed on each litre of
petrol purchased by Nigerians.
Mr Adelegan Solomon, Vice-President, NLC, had on Wednesday vowed that no flight would land or take off from the airport if the Federal Government refuses to revert the
pump price of
petrol from N145 to N87 per litre.
The Department of Petroleum Resources (DPR) in Imo has launched a special operation to ensure that
petrol was sold at government regulated
pump price.
A statement from the Chamber of Petroleum Consumers Ghana (COPECGH) said, «Diesel
prices have seen an increase of between 8 - 11 % on current ex
pump prices while
petrol prices have seen between 3 - 5 % across most BDCs and OMCs though the figures are yet to reflect directly at the various
pumps.»
FG to Reduce
Petrol to N85 per Litre from Jan 1, 2016 *** says PHRC to commence production in next one week The Federal Government would on January 1 next year reduce the
pump price of the Premium Motor Spirit (PMS) to N85 per litre.
A gallon of
petrol and diesel from the «belebele» guys is sold at 12 and 13 Ghana cedis respectively, as against the
pump price of 18 Ghana cedis.
«NNPC wishes to assure Nigerians that there is no iota of truth in the rumour that government is scheduled to adjust
pump price of
petrol.
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the National Union of Petroleum and Natural Gas workers, NUPENG have endorsed the
price modulation mechanism adopted by the Federal Government which pegged the
pump price for premium motor spirit, popularly known as
petrol at N145 per litre.
«This plea comes on the heels of reports that some motorists have begun panic buying of
petrol, following rumours that the government is about to increase the
pump price of the white product from N145 per litre.
On June 20, 2016, the naira was devalued from N285 / $ 1 to N305 / $ 1, which is an increase of seven per cent, but the fixed
pump selling
price of
petrol has not been increased.
Current figures from the petroleum industry show that,
prices of the two products at the various fuel stations have hit all time high, with
petrol selling at an average of GHc4.29 at the
pumps, and diesel going for an average of GHc4.23 per litre,...
It added that there was no plan to increase the
pump price of
petrol above N145 / litre and that it would continue to maintain the ex-depot
price of N133.28 / litre, which would guarantee the
pump price not exceeding the N145 as capped by the Federal Government.
If yes, why did it take the Federal Government almost two years after the astronomic increment in the
pump price of
petrol as well at the expiration of the last minimum wage before the new review committee was inaugurated?
Danjuma declared that the government has not increased
petrol price, hence they can not sit down in their offices and allow marketers and dealers to increase
pump price arbitrarily.
The Department of Petroleum Resources, DPR, Eket, Akwa Ibom State, said it sealed 41 filling stations for selling
petrol above government approved N87
pump price per...
Fuel
prices hit all - year - high in September 2017, with
petrol selling at an average
price of GHc4.29 at the
pumps, and diesel going for an average of GHc4.23 per litre.
The
price of pure ethanol at the
pump is so high that in most states it is cheaper to fill up flexible - fuel cars with
petrol blends that contain about 20 % ethanol.