BREAKING: Govt pegs petrol price at N230 per litre

The Bayelsa State Government has pegged the price of Premium Motor Spirit, also known as petrol as N230 per litre.

This is against the national price, which is N165.

However, the state government said the decision to peg the price at N230 per litre is to ensure availability until fuel scarcity ends.

Deputy Governor, Lawrence Ewhrudjakpo inaugurated a monitoring team on the pricing and distribution of petroleum products on Thursday.

Ewhrudjakpo also directed that no consumer should get more than 25 litres in a jerrycan, NAN reports.

Assuring that the government was taking steps to manage the situation, he lamented that Bayelsa had the least NNPC allocation of petrol.

The deputy governor said the state’s payment of the same amount for fuel subsidy as states with lion share of allocation was robbing Peter to pay Paul.

Ewhrudjakpo disclosed that Bayelsa would consider constructing a fuel depot due to the unavailability of fuel.

Chairman, Bayelsa State Petroleum Taskforce, Richman Samuel, said negotiations brought down the price from N300 per litre to N230.

Chairman, Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dukumor Taremi-West, promised that marketers would not take undue advantage of consumers.

Oladipo

Recent Posts

BREAKING: APC Crisis: Court of Appeal dismisses Moses Agaba’s appeal against Austin Agada

The Court of Appeal in Makurdi, Benue State, on Thursday dismissed an appeal filed by…

12 mins ago

BBNaija’s Phyna publicly rejects family, drops surname

Big Brother Naija Season 7 winner, Josephine Ijeoma Otabor, also known as Phyna, has publicly…

29 mins ago

Yemi Alade slams Cool FM, Clout Africa over blacklisting, refusal to forgive

Nigerian singer Yemi Alade has criticized prominent media outlets Cool FM and Clout Africa, accusing…

54 mins ago

BREAKING: Relief as Lakurawa terrorists flee Nigeria after military intervention

Senator Adamu Aliero, representing Kebbi Central, has announced that the Nigerian military successfully expelled the…

1 hour ago

BREAKING: Supreme Court nullifies National Lottery Act, grants states exclusive control

The Supreme Court has struck down the National Lottery Act of 2005, ruling that the…

1 hour ago

Latest update on fuel price hike, fuel scarcity for November 22nd, 2024

As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…

6 hours ago