Petrol Price Goes N177 Per Liter In Yobe, Others

Regardless of endeavors by the Nigerian National Petroleum Corporation (NNPC) to crash prices through massive importation supported by output increment from the local refineries, costs of fuels have stayed high across the nation.

High cost of petroleum products will ruin Nigerians the more and cut further into the as of now influenced disposable income given the high inflation rate and financial downturn in the nation.

The National Bureau of Statistics (NBS), in its most recent petroleum products value watch, discharged on Tuesday, revealed that Premium Motor Spirit (PMS) otherwise called petrol, still offers as high as N177/liter in Yobe, while kerosene was cosmically high in Lagos at N455; Ogun, N425.44; and Ondo, 424.07 for each liter separately.

In like manner, normal price paid by purchasers for Automotive Gas Oil (AGO) or diesel expanded by 3.68 for per cent month-on-month and 68.74 for per cent year-on-year to N249.38 in February 2017 from N240.52 in January 2017.

Be that as it may, the Group General Manager, Group Public Affairs Division (NNPC), Ndu Ughamadu, demanded that the Corporation is doing its best to guarantee plentiful stream of products across the nation.

As indicated by the Bureau, the normal cost paid by buyers for petrol expanded by 50.1 for per cent year-on-year and 0.7 for every penny month-on-month to N149.8 in February 2017 from N148.7 in January 2017.

States with the most astounding normal price for diesel were Adamawa, N280; Ebonyi, N272.5 and Cross River and Borno, 271, while those with the least were Oyo, N226.67; Bauchi, N226 and Osun, N220.

Additionally, states with the most noteworthy normal price for petrol beside Yobe, were Sokoto, N162.1 and Taraba, N161.7, while Lagos, N144.9; Delta, N144.8 and Osun N144.7 recorded the least individually.

Kogi State had the most astounding normal price in the North Central for February 2017, while Abuja had the minimum normal price. Where Yobe State recorded the most astounding normal price in the North East amid the month, Gombe and Adamawa states had the slightest prices, while Sokoto State had the most elevated cost in the North West and Kano the minimum.

Additionally, Ebonyi State had the most elevated normal price in the South East while Anambra had the slightest, similarly as Bayelsa State had the most elevated in the South and Delta the least, where Ondo State recorded the most elevated cost in the South West and Osun the minimum.

For kerosene, while Lagos, Ogun, and Ondo states recorded the most noteworthy prices individually, states with the least were Sokoto, N295.24; Gombe, N291.67; and Katsina, N286.11.

Among those with the most noteworthy price per gallon of kerosene were Yobe, N1,800.00; Kebbi, N1,687.50; and Akwa Ibom,1,636.36. In defence of NNPC, Ughamadu said the Corporation, aside from inclining up fuel supply across the nation, had additionally extended day by day truck load out of petrol, diesel and kerosene, notwithstanding amid ends of the week to guarantee enhanced products conveyance to the hinterlands.

He included that the Corporation would give extra marine coordinations; all intended for enhancing products movements from seaward to land, to provide for extra petrol supply across the nation.

Industry controller, the Department of Petroleum Resources (DPR), said in a media statement signed by the Director, Mordecai Ladan, that the organization knows about the unwholesome exercises of some petroleum products marketers.

He said such marketers enjoyed hoarding and diverting of petroleum products at their different trucks holding terminals the nation over while additionally manipulating their retail apportioning pumps at the filling stations to the hindrance of unsuspecting purchasers.

He subsequently cautioned marketers to halt from such sharp practices and convey items lifted from the terminals to the assigned filling stations within the stipulated one to three days period, contingent upon the purpose of release.

Ladan guaranteed public in general that Government keeps up sufficient day by day adequacy of products while strengthening endeavors to patch up and improve the execution of its local refineries to fill-in any distinguished holes.

©World Top News Ng