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Tag: Diesel

  • Petrol will be sold at 300 per liter soon -Primate Ayodele

    Petrol will be sold at 300 per liter soon -Primate Ayodele

    Primate Elijah Ayodele, founder of INRI Evangelical Spiritual Church, has predicted that petrol and diesel would soon be sold for 300 and 1,000 Naira per litre respectively.

    Primate Ayodele said the rise would be due to an impending “economic disaster”.

    He said the Nigerian government will find it very difficult to pay workers salaries due to lack of fund.

    In a circular released by his media aide, Olutosin Osho, Ayodele revealed that Nigerians would one day soon stone state governors and lawmakers due to economic hardship

    Primate Ayodele said the impending hardship would lead to major mass protest in the country.

    The statement reads: “An economic disaster is coming very soon, before the end of this year. It will be so grave that we will revert back to the days of Austerity measures. Diesel will sell for as high as N800 to N1000 per litre. Petrol will become scarce and, at the end of the day, it will move up to N300 per litre. Things will become extremely difficult for Nigerians. The truth is that Nigeria’s reserve is in red. The country is in massive debt.

    “The country will be in such a big financial mess that some state governments will not be able to pay their workers. Governors and legislators will be stoned. There will be several protests.

    “Even the police will go on strike if care is not taken. Things will get so bad that they will not be able to pay those protecting us their stipends. It has become epileptic and this will affect Nigeria. It may cause chaos, protests, crisis and the Buhari government might be shut down for 5 to 6 hours in protests.”

    The preacher, however, advised that the government should involve God and create an intelligent economic team to redirect the economy.

    “The government must involve God if at all they want changes. They should create an intelligent economic team to redirect the economy. We need to bring back our agriculture. Crude oil is having issues already,” he said.

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  • Reps tackle NHIS boss over N152m spent on face masks, diesel, others

    Reps tackle NHIS boss over N152m spent on face masks, diesel, others

    Members of the House of Representatives Committee on Finance have faulted the National Health Insurance Scheme (NHIS) for spending over N152 million on the purchase of face masks, hand sanitisers, and protective wears during the COVID-19 lockdown in 2020.

    The scheme also spent at least N2.48 million monthly on diesel to power its head office in Utako and the office annex in Wuse II – both in Abuja.

    The committee had summoned some Ministries, Department, and Agencies (MDAs) to a hearing to interface with them on remittances into the government coffers.

    It explained that the hearing was to step up the revenue monitoring exercise in 2021 to shore up the national income, in line with the constitutional mandate and standing orders of the House.

    Surprise and disbelief greeted the faces of the lawmakers following a document presented by the NHIS containing the details of its expenditures.

    Part of the purchases by the scheme included the supply of 5,000 pieces of disposable face mask at the rate of N2,423,750, as well as 500 bottles of hand sanitiser (500ml) for N2,423,750 on April 17, 2020.

    Thereafter, the lawmakers raised questions on the expenditures and requested a response from the NHIS Executive Secretary, Professor Mohammed Sambo, who appeared before them with his team.

    In his defence, Sambo noted that the agency provided more items under its social corporate responsibility for some social workers on the frontline.

    “On the huge expenditure to tunes of millions with respect to the COVID-19 items, we are National Health Insurance Scheme; we are supposed to be a strategic purchasing agency by mandate.

    “There was a plan by the Ministry of Health on Sectoral Response to COVID-19 and because we are dealing with healthcare facilities, we all know that at the beginning of COVID-19, most of the healthcare workers abandoned their duty post because they don’t have items for their protection,” he said.

    The NHIS boss added, “As part of our corporate social responsibility, we identified first line organisations like police and so on; we gave them those items and we also recognised hospitals that have a huge enrollment of NHIS enrollees and we supplied them with these items.

    “All the documents are available if the lawmakers need them. So, this expenditure is not restrictive to NHIS. We have been directed to ensure the protection of our people.”

    On the purchase of diesel, he explained that there was a lot of erratic supply of electricity in the previous year and there was a need to maintain a cooling system at their offices.

    Sambo informed the lawmakers that the scheme had a huge infrastructure that required cooling.

  • People don’t know I am diesel supplier-Mercy Eke

    People don’t know I am diesel supplier-Mercy Eke

    Reality Tv star, Mercy Eke has averred that people hardly knows she is a diesel supplier.

     

    The beautiful 2019 BBNaija winner made this known as a speaker at Nigeria Entertainment Conference held in April.

     

    According to her: “Being famous and having fans is a two way thing. You have to know how to balance them.A lot of people just want to be famous and they don’t have any direction.I do really estate and also supply diesel to a lot of companies.I said to myself’ ‘You sold fuel, now that you have all these, you can do something about it’.As I am talking right now, I supply diesel to a lot of companies and people don’t know I am the one behind it”.

     

    Speaking further, Eke also said she takes risks by investing in businesses she doesn’t know much about.

     

     

    “I put money into businesses I am not even sure of, asking myself, ‘What if it doesn’t work’? What if these people abscond with my money. I put in money to get returns’.

     

     

     

    On how her fans have been instrumental to her success, she said: “Each time I drop something you see the fans, they all want to support my business.When it starts happening to you, do not relent. People only associate with you when you are doing something right. No one wants to associate with a failure.You have to keep doing what you know how to do. You have to keep pushing however small it is. Make sure it’s something you can be proud of tomorrow.

    I work for everything you see that I have. I work for everything I put out there. May be I am not so blessed for people to always give me things for free.I feel like my journey just started. Before I used to get things for free, now I have to work, but people don’t see that part”.

     

  • London street bans petrol, diesel cars

    Petrol and diesel vehicles will be banned from a street in central London in an innovative attempt to reduce pollution, local authorities said.

    Officials said Beech Street, which runs underneath the Brutalist designed Barbican Estate, would become Britain’s first “24-7 zero-emission street”.

    During an 18-month trial starting next year, the area will be restricted to electric or hybrid vehicles, pedestrians and cyclists, the City of London Corporation announced on Monday.

    However, access will be given for refuse collection and deliveries, for those using car parks off the street and emergency vehicles.

    “Drastically reducing air pollution requires radical actions, and these plans will help us eliminate toxic air on our streets,” said the chairman of the corporation’s environment committee, Jeremy Simon.

    Officials said they expected a reduction of 90 to 95 percent in traffic on Beech Street, and an improvement in air quality around the immediate area, which includes two schools.

    “The scheme aims to bring nitrogen dioxide (NO2) levels within air quality guidelines set out by the European Union and World Health Organisation,” a corporation statement said.

    The trial is separate from the ultra-low emission zone (Ulez) introduced across the centre of London earlier this year, for which motorists in older, more polluting vehicles must pay a charge to enter.

  • Kerosene price increases, as Petrol price averages N147 across Nigeria

    Kerosene price increases, as Petrol price averages N147 across Nigeria

    Data released by the National Bureau of Statistics (NBS) on Friday showed that N147.20 was the average price paid by consumers of premium motor spirit (petrol) across Nigeria in the month of October.

    TheNewsGuru (TNG) reports the average price of petrol increased by 0.8% year-on-year and decreased by -0.1% month-on-month to N147.20 in October 2018 from N147.30 in September 2018, according to the NBS Premium Motor Spirit (Petrol) Price Watch (October 2018).

    States that recorded the highest average price of petrol were Kebbi (N155.24), Benue (N153.33) and Taraba (N153.00), and States with the lowest average price of petrol were Katsina (N144.45), Jigawa (N144.29) and Sokoto (N144.20).

    Also, according to the NBS, the average price per litre paid by consumers for National Household Kerosene increased by 3.35% month-on-month and 12.36% year-on-year to N307.23 in October 2018 from N297.28 in September 2018.

    States with the highest average price per litre of kerosene were Ogun (N346.30), Enugu (N348.33), and Abuja (N360.67), and States with the lowest average price per litre of kerosene were Kogi (N261.11), Abia (N248.08) and Borno (N240.44).

    Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 12.00% month-on-month and by 2.86% year-on-year to N1159.33 in October 2018 from N1127.05 in September 2018.

    States with the highest average price per gallon of kerosene were Katsina (N1273.33), Ekiti (N1277.78) & Ebonyi (N1279.38), and States with the lowest average price per gallon of kerosene were Delta (N1035.15), Yobe (N1050.0) and Akwa Ibom (N1066.36).

    For automotive gas oil (Diesel), the NBS reported that the average price paid by consumers increased by 2.42% month-on-month and 7.33% year-on-year to N216.75 in October 2018 from to N211.64 in September 2018.

    States with the highest average price of diesel were Lagos (N238.55), Oyo (N231.32) and Sokoto (N231.25), and States with the lowest average price of diesel were Bayelsa (N189.44), Zamfara (N200.71) and Plateau (N203.93).

    Liquefied petroleum gas (Cooking Gas) Price Watch (October 2018) showed that the average price for the refilling of a 5kg cylinder increased by 1.79% month-on-month and decreased by -9.64% year-on-year to N2,145.30 in October 2018 from N2,107.48 in September 2018.

    States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,550.00), Gombe (N2,500.00) and Borno (N2,488.89), and States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Enugu (N1,918.18), Ebonyi (N1,916.67) and Kwara (N1,900.00).

    Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by1.40% month-on-month and decreased by -2.71% year-on-year to N4,437.54 in October 2018 from N4,376.19 in September 2018.

    States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N5,150.00), Anambra (N4,861.54) and Borno (N4,785.71).

    States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo, (N4198.53), Yobe (N4,115.81) and Zamfara & Kebbi (N4,100.00)

     

  • Kano State Govt pays N1bn liability on diesel

    Kano State Govt pays N1bn liability on diesel

    The Kano State Government said it had paid N1 billion liability it inherited from the administration of former Gov. Rabi’u Kwankwaso on street lights.

    The state Commissioner of Information, Malam Mohammed Garba, disclosed this while briefing newsmen on Tuesday in Kano.

    He said the debt was incurred from the purchase of diesel for generating sets powering the street lights in the state capital.

    “I am happy to inform you that the state government has completed payment of the N1billion inherited debts on street lights.

    According to him, the state government is spending between N125 million and N130 million on the purchase of diesel for the generators powering the street lights in the state.

    On the 2018 budget, the commissioner said the budget was meant to complete most of the ongoing projects in the state.

    “This year’s budget is meant to complete most of the projects on ground, including the ongoing, inherited and those being fine-tuned,” he said.

    According to him, the state intended to complete its skills acquisition training centre to enhance training of unemployed youths.

    He said that when completed, no fewer than 30 different types of trades would be taught at the centre as part of efforts to empower women and youths in the state.

    Similarly, the state government also planed to complete the over head bridge at Triumph Publishing Company which had reached 70 per cent completion stage in addition to the Kofar Ruwa underpass along Katsina Road.

    He said other important projects to be completed this year included the Tiga/Challawa Kano Independent Power Project as part of renewed effort to boost power supply in the state.

    “The over head bridge at Triumph Publishing Company and the IPP power project were inherited from the administration of former Gov. Rabi’u Kwankwaso which we hope to complete this year, “he said

  • Nigerians paid less for petrol, kerosene, diesel in November – NBS

    Nigerians paid less for petrol, kerosene, diesel in November – NBS

    Latest statistics by the Nigerian Bureau of Statistics (NBS) has shown that the average price paid by consumers for petrol, diesel, and kerosene decreased month on month by 0.3 per cent, 1.3 per cent and 2.30 per cent respectively in November 2017.

    This was disclosed in three reports published on the bureau’s website on Sunday.

    Petrol decreased from N146 in October to N145.6 in November 2017, diesel decreased from N201.96 in October to N199.26 in November 2017, and kerosene decreased from N273.44 in October to N267.14 in November, the report explained.

    When compared to November 2016, the average price of petrol decreased by 0.75 per cent from the N146.7 recorded; the average price of diesel increased by 1.84 per cent from N195.67 and the average price of kerosene decreased by 5.56 percent from the N282.86 recorded.

    The report showed that Bayelsa, Akwa Ibom and Ebonyi states recorded the highest average prices of premium motor spirit (petrol) at N150.5, N 150.33 and N148.57 respectively.

    States with the lowest average prices of petrol were Plateau, Nasarawa and the Federal Capital Territory at N143.6, N144 and N144.08 rates respectively.

    For diesel, the states with the highest average prices of diesel were Kebbi, Taraba and Sokoto states at the rates of N219.37, N217.50, and N216.66 respectively while, Bayelsa, Delta and Nasarawa states recorded the lowest average price of diesel at N175.71, N182.91 and N183.75 respectively.

    Edo, Enugu, and Jigawa states recorded the highest average prices per litre of Kerosene in November at N300.88, N300.00, and N298.14 respectively, while Nasarawa, Zamfara and Kano states recorded the lowest average prices per litre of Kerosene for November at N216.66, N206.42 and N204.99, respectively.

    Also, the average price per gallon paid by consumers for kerosene increased by 11.95 per cent to N1,052.33 in November when compared to the N1,035.12 recorded in October 2017 and increased by 28.89 per cent when compared to the N816.46 recorded in November 2016.

    The states with the highest average price per gallon of kerosene were Edo at N1,203.52, Enugu at N1,200.00 and Jigawa at N1,192.56.

    The report added that Nasarawa, Osun and Oyo states recorded the lowest average prices per litre of kerosene at N866.64, N825.68, and N819.96 respectively.

  • Navy intercepts 1.1m litres of alleged stolen diesel in Rivers

    Navy intercepts 1.1m litres of alleged stolen diesel in Rivers

    The Nigerian Navy has intercepted 1.1 million litres of diesel allegedly stolen from pipelines belonging to multinational oil companies in Rivers.

    No fewer than 13 suspects have also been arrested on account of their alleged role in illegal shipment of petroleum products to undisclosed locations in the state.

    Capt. Victor Choji, the Executive Officer of the Nigerian Navy Ship Pathfinder (NNS), Port Harcourt, disclosed this to journalist on Sunday in Port Harcourt.

    Choji said the seizure and arrest was sequel to the intensified mop-up operation in the Niger Delta ordered by naval authorities to stamp out oil theft and illegal refining in the region.

    He said that a vessel, a tug boat, a barge and five large wooden boats were also seized at different locations during the operation.

    The seized items and suspects were handed over to the Economic and Financial Crimes Commission (EFCC) for further action.

    “In line with strategic directives to rid Rivers State of oil theft and illegal bunkering, troops of NNS Pathfinder under Operation Delta Safe, made some arrests and seizures at different locations.

    “On May 6, troops intercepted and seized a vessel, MT Preye I and five very large wooden boats with about 409,399 litres of suspected refined diesel at Eagle Island.

    “Eleven crew members on board the vessel were subsequently arrested and had been in our custody undergoing investigation,” he said.

    Choji said the suspects were caught while loading the petroleum product from five wooden boats in the late hours of the night.

    “Similarly, on June 19, troops impounded a tug boat, PK II, and a barge, Naomi 03, laden with about 700,000 litres of suspected illegally refined diesel.

    “Two suspects were arrested over their involvement in the illegal shipment of the petroleum product,” he added.

    He said that a large number of troops had been deployed in the region in line with a harmonised standard operating procedure aimed at enforcing law and order in the area.

    The executive officer of the NNS assured that the navy would not rest in its bid to stop all forms of illegalities in the maritime environment.

    Receiving the items and the suspects, Mr Micheal Adukwu, a senior official of the EFCC, commended the navy and said that there was a synergy in the operations of the two security outfits.

    Adukwu assured that EFCC would carry out further investigations and prosecute the suspects.

     

  • Diesel prices crash further, now sells for N155/N160 per litre

    Diesel prices crash further, now sells for N155/N160 per litre

    …’Our sustained strategic intervention responsible for price fall’ – NNPC

    Diesel retail prices nationwide are falling and the Nigerian National Petroleum Corporation (NNPC) has attributed the continuous slide to its sustained strategic intervention.

    A national survey by Oil and Gas Forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of diesel has fallen steadily from between N175 and N200 per litre as at June 18, 2017, to as low as between N155 and N160 per litre in some stations across the country as at last week.

    The study showed that NNPC Mega Stations and its affiliates across the country sold the product for N160 per litre while many major and independent marketers in Abuja, Lagos, Kaduna, Onitsha, Enugu, Makurdi and most major cities were selling between N160 and N165 per litre.

    In Port Harcourt, the average price is as low as N150 per litre.

    The manager of a fuel retail station in Abuja, Ibrahim Isah, said the station had to reduce the selling price to N165 per litre in line with the prevailing market situation in order to sustain the turnover of the business.

    An independent marketer in Makurdi, Innocent Abbah, said the going ex-depot price of diesel from tarmac or local private depots is N155 per litre.

    However, the situation is slightly different in Asaba and Warri in Delta State and Uyo in Akwa Ibom state where most independent fuel stations as well as major marketers sold the product for N180 per litre.

    The price of AGO had crashed by about 42 per cent nationwide over the last six months, following key strategic interventions by the NNPC.

    In the first quarter 2017, retail prices of AGO, which is one of the deregulated products, shot up to an all-time high of N300/litre in major demand centres across the country.

    The unpleasant situation placed a huge burden on truck drivers who use the product as fuel for their vehicles and the nation’s manufacturing sector which requires it to run its operations, as well as on the masses who need it for household power generation.

    NNPC’s interventions included sustained improvement in the supply of the product and remodelling of the product distribution channels to address sufficiency issues across the country.

    Another area of intervention that has enhanced supply and distribution of diesel is the corporation’s robust engagement with critical downstream stakeholders such as Major Oil Marketers Association of Nigeria (MOMAN), Nigerian Association of Road Transport Owners (NARTO), Petroleum Tanker Drivers (PTD) as well as Independent Petroleum Marketers, leading to the resolution of salient issues.

    The corporation has also taken huge steps to resuscitate some of its critical pipelines and depots such as the Atlas Cove – Mosimi Depot Pipeline, Port-Harcourt Refinery – Aba Depot Pipeline, Kaduna – Kano Pipeline and the Kano Depot which have enhanced efficiency in the distribution of AGO.

    Efforts are also ongoing to revamp and re-commission other critical pipelines and depots across the country.

    Furthermore, as a result of consistent positive engagement with the Central Bank of Nigeria (CBN), the corporation has equally achieved the expansion of the Premium Motor Spirit (PMS) Foreign Exchange Intervention Scheme to accommodate diesel and aviation fuel.