Connect with us

News

Petrol price may rise as crude hits $81 per barrel

Published

on

Spread the love

The prices of premium motor spirit and other petroleum refined products may rise in the coming days following the increase in the cost of crude oil prices, such as Brent.

Ekwutosblog  reports on Monday that the price of Brent crude surged $81.09 per barrel as of the time of filing this report from around $76 last week.

Recall that the Nigerian government in the 2025 budget proposal bench-marked oil price at $75 per barrel.

 

The rise in the price of Brent is attributed to geopolitical tensions, particularly sanctions imposed on Russian oil exports, which have triggered supply concerns.

The development may impact the ex-depot prices of refined petroleum fuel across depots in Nigeria.

Ekwutosblog gathered on Friday that the price of automotive gas oil, diesel, has already been adjusted by at least N70 from N1,050 to N1,120 per litre in Lagos depots.

 

Data from the Major Energies Marketers Association of Nigeria on December 19, 2024, showed that the landing cost of petrol stood at N887.51 per litre; however, the rise in the price of crude oil means the landing cost may go up in the coming days.

Ekwutosblog reports that in the past weeks, the price of petrol has recorded a reduction.

Recall that Dangote Refinery and Nigerian National Petroleum Company Limited last year announced an ex-depot petrol price reduction, which led to the retail product dropping to between N935 and N965 per litre from N1040 per litre.

 

Consequently, Nigerians currently buy petrol between N935 and N1,100 per litre nationwide.

A rise in petrol prices may directly impact the increase in the prices of goods and services that are already on the high side, as November headline and food inflation stand at 34.60 percent and 39.93 percent, respectively.

News

PDP holds another crucial meeting in Abia, vows to reclaim state in 2027

Published

on

Spread the love



‎Top members of the Peoples Democratic Party, PDP have held another stakeholders meeting in Abia North zone, with focus on repositioning the party to reclaim power in the state by 2027
‎The members, who came from the five local governments that make up Abia North, agreed to shun every divisive tendencies that affected the party in the past.

‎Speaking at the meeting which was held at the Abriba home of Mandela Obasi, member representing Ohafia North constituency in Abia State House of Assembly, PDP Chiarman, Abraham Amah expressed confidence that PDP would rise again by reclaiming State Government House and other elective positions.

‎He maintained that the party’s tickets for the 2027 elections would only be given to candidates who emerge through credible primary elections and have the capacity to win main elections.

Continue Reading

News

“Tonight the Pope’s remains will be placed in an open coffin.

Published

on

Spread the love

“Tonight the Pope’s remains will be placed in an open coffin.
From Wednesday they will be laid in St Peter’s to allow all to pay their respects.
Unlike his predecessors he will not be buried in the Vatican but at St Mary Major’s Basilica”.

Fr Kelvin Ugwu.

 

Continue Reading

News

PRESIDENT TINUBU’S STATEMENT ON THE PASSING OF HIS HOLINESS POPE FRANCIS

Published

on

Spread the love

STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU’S STATEMENT ON THE PASSING OF HIS HOLINESS POPE FRANCIS

Today, with a heavy heart, I join the Catholic faithful and Christians worldwide in mourning the passing of Pope Francis, a humble servant of God, tireless champion of the poor, and guiding light for millions. His passing, coming just after the celebration of Christ’s Resurrection, is a sacred return to his Maker at a time of renewed hope for Christians.

His Holiness served the Church and the Master of the Church until the end. In 2013, he stepped onto the global stage with a message of mercy, urging us to see the face of Christ in the marginalised, the refugees, the migrants, and the forgotten.

He challenged the powerful to act with justice, called nations to welcome the stranger, and reminded us that our common home—this Earth—is a gift we must protect for future generations.

He was an instrument of peace who deeply embodied the message of Christ: love for God and love for humanity. In a time of division, he built bridges between faiths and the rich and the poor.

He was a steadfast advocate for the developing world, where he consistently spoke against economic injustice and ceaselessly prayed for peace and stability in troubled regions.

His encyclicals were not only doctrinal and seminal but also timely and relevant. Through his pastoral letters, the Pope offered spiritual clarity and hope in an increasingly complex world. He charted a path of renewal for all humanity through his words and deeds.

In my 2025 Easter Message, I joined the Christian faithful in thanksgiving for the convalescing Pontiff. I was happy to watch his appearance to deliver the traditional Easter Sunday blessing in St. Peter’s Basilica.

Alas, the Lord called him home a day after, making the world lose its most trenchant voice for justice and action against climate change. May the good Lord, whom he served with all his might, receive him into His eternal bosom.

As we mourn the late Pontiff, let us also celebrate his legacy. Let us honour him not with words alone but with action: by lifting those who are down, healing our communities, and defending the dignity of every person.

On behalf of the government and the people of Nigeria, I extend condolences to the Catholic Church, the global Catholic community, and the Christian faithful.

May God Almighty grant His beloved servant eternal rest.

PRESIDENT BOLA AHMED TINUBU,
FEDERAL REPUBLIC OF NIGERIA,
ABUJA

April 21, 2025

 

Continue Reading

Trending