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Warning of Petrol Price Hike Amid Dangote Refinery Production Start
Warning of Petrol Price Hike Amid Dangote Refinery Production Start....KINDLY READ THE FULL STORY HERE▶
The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gilly-Harry, has issued a warning about a potential increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, in the near future. This alert comes despite the recent commencement of petrol production by Dangote Refinery, which many hoped would help reduce current retail prices.
Gilly-Harry noted that the current price of petrol, which hovers around ₦600 per litre, is unsustainable. He pointed to the Nigerian National Petroleum Company Limited (NNPCL) struggling to maintain a consistent supply across the nation. “We’ve been raising alarms that the NNPC has been selling products at ₦590 per litre. But the question is, who is bearing the brunt? We can’t continue to play politics with everything; the reality needs to be addressed,” he stated during a segment on Channels Television’s Morning Brief.
The NNPCL has acknowledged its debt to petrol suppliers, which amounts to $6 billion. This debt is a significant factor contributing to the ongoing fuel queues at filling stations throughout the country in recent weeks.
Gilly-Harry urged Nigerians to prepare for prices dictated by market forces, emphasizing the importance of addressing the broader economic implications of fuel subsidies. “While we recognize that fuel subsidies exist globally and that oil and gas are natural blessings for Nigerians, we must weigh the benefits of subsidizing PMS against other pressing challenges, such as health,” he explained.
While acknowledging the transparency of the NNPCL in its operations, Gilly-Harry also expressed concern for retail outlet owners facing challenges in the current climate. He highlighted that PETROAN and other industry stakeholders are actively seeking innovative solutions to navigate this crisis.
“NNPCL is currently the only entity with the financial muscle to import PMS due to its access to dollars and a guaranteed market. However, this situation demands creativity and out-of-the-box thinking to ensure that Nigerians are adequately served,” Gilly-Harry noted.
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NARROW ESCAPE: Enugu Air Aircraft Leaves Passengers Traumatized Following Dramatic Runway Overshoot!.
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Runway Excursion: An Enugu Air aircraft veered off the runway after landing at Benin Airport on Thursday.....KINDLY READ THE FULL STORY HERE▶
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Safety Confirmation: All passengers and crew members on board safely disembarked without any injuries or casualties.
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Authorities Notified: The aircraft has been secured, and relevant aviation authorities have been notified while investigations to determine the circumstances of the incident are underway.
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Schedule Adjustments: The airline noted that the incident may cause temporary changes to flight schedules, and affected passengers will be contacted directly with necessary assistance.
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MIND-BLOWING RECORD: 20 Football Legends Who Conquered The FIFA World Cup Before Turning 21!.
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New Entrant: Spain winger Lamine Yamal has entered FIFA’s ranking of the 20 youngest World Cup winners, securing the joint-fourth spot after winning the tournament at 19 years and six days old.....KINDLY READ THE FULL STORY HERE▶
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Top Rankings: Brazilian icon Pelé remains at the top of the list after winning at 17 years and 249 days, followed by fellow Brazilian Ronaldo in second and Italy’s Giuseppe Bergomi in third.
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Country Representation: Brazil leads the overall rankings with eight players, while Spain features two players, with defender Pau Cubarsí ranking seventh at 19 years and 178 days.
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Other Notable Stars: Other prominent players who secured the title before turning 21 include Kylian Mbappé, Kaká, David Trezeguet, and Thierry Henry.
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THE ULTIMATE VOTER SHOCKER: Peter Obi Unleashes Fierce Demand For Emergency Voter Card Deadline Extension!.
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Call for Extension: Peter Obi, the 2027 presidential candidate of the Nigeria Democratic Congress (NDC), has urged the Independent National Electoral Commission (INEC) to further extend the voter registration window to ensure a credible register for the upcoming general elections.....KINDLY READ THE FULL STORY HERE▶
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Legal Basis: He noted that his appeal is backed by a Federal High Court judgment from November 22, 2022 (Anaja Salmat & 3 Others v. INEC), which ruled that voter registration should remain open until 90 days prior to a general election to safeguard citizens’ constitutional voting rights.
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Inclusion of Youth: Obi emphasized the importance of accommodating young Nigerians turning 18, warning that closing registration too early would unnecessarily disenfranchise them.
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Current Deadline: This appeal follows INEC’s previous decision to extend the nationwide Continuous Voter Registration exercise by two weeks, moving the new closing date to Friday, July 24, 2026.
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