• About
  • Advertise
  • Contact
Saturday, August 2, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home National

No Fresh Fuel Price Increase , Tinubu Assures Nigerians

..says Nigeria has lowest oil price

Vital News by Vital News
August 15, 2023
in National, News
0
No Fresh Fuel Price Increase , Tinubu Assures Nigerians
Share on FacebookShare on Twitter

 

Abuja – President Bola Tinubu has assured Nigerians that there will be no increase in the price of petrol.

The Special Adviser to the President on Media and Publicity, Ajuri Ngelale stated this on Tuesday while speaking with state house correspondents.

Ngelale to Nigerians and stakeholders to hold their , saying that the threat if strike by the organised labour was uncalled for

He disclosed that the daily consumption of fuel had dropped from 67million litres to 46 million litres die removal of subsidy.

RelatedStories

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

“The President wishes first to state that it is incumbent upon all stakeholders in the country to hold their peace.

“We have heard very recently from the organised labour movement in the country with respect to their most recent threat.

“We believe that the threat was premature and that there is a need on all sides to ensure that fact finding and diligence are done on what the current state of the downstream and midstream petroleum industry is before any threats or conclusions are arrived at or issued.

“Secondly, Mr. President, wishes to assure Nigerians following the announcement by the NNPC Limited just yesterday that there will be no increase in the pump price of Premium Motor Spirit anywhere in the country. We repeat, the President affirms that there will be no increase in the pump price of Premium Motor Spirit,” he explained.

The aide said that the market having been deregulated would no longer allow a single entity to dominate the market.

“The President also wishes to affirm that there are presently inefficiencies within the midstream and downstream petroleum sub-sectors that once very swiftly addressed and cleaned up will ensure that we can maintain prices where they are without having to resort to a reversal of this administration’s deregulation policy in the petroleum industry.”

Ngelale also noted that Tinubu approved that the chart containing prices of PMS in other countries be transmitted to Nigerians so as to show the cost of PMS in West African countries.

“In the graphic, what you will find is the present cost of refined Premium Motor Spirit at the pump in each of the West African nations that border us and I’ll just name some for example, even as I know, you will be showing your audiences the graphics, which the President has graciously approved for public release today.

“Senegal at pump price today of N1,273 equivalent per litre; Guinea at N1,075 per litre, Côte d’ Ivore at N1,048 per litre equivalent in their currency, Mali N1,113 per litre, Central African Republic N1,414 per litre, Nigeria is presently averaging between N568 and N630 per litre.

“We are presently the cheapest, most affordable purchasing state in the West African sub-region by some distance. There is no country that is below N700 per litre.

“So, this is the backdrop we have seen that at the inception of our deregulation policy as of June 1 as Mr. President took office, we have seen the PMS consumption in the country drop immediately from 67 million litres per day, down to 46 million litres per day. The impact is evident.”

He said that the President pleaded with Nigerians to be patient and bear with his administration.

“What it also does mean though, is that we are not at the end of the tunnel. There is still a bit of darkness to travel through to get towards the light. And we are pleading with Nigerians to please be patient with us.

“And as we promised from the beginning, we will be open with Nigerians, and will be transparent with them.

“And we are ready to show you exactly what it is that our nation is facing with respect to the illiquidity in the market in terms of foreign exchange, as a result of what is now known to have been a gross mismanagement of the Central Bank of Nigeria over the course of several years preceding this time.”
(vitalnewsngr.com)

Tags: increasePetrolpriceTinubu
Previous Post

Kenya Reinstates Fuel Subsidy

Next Post

Kogi Guber Poll : SDP Constitutes Campaign Council, Appoints Babanawa D-G

Vital News

Vital News

RelatedStories

Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway
Environment

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap
Environment

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff
News

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

July 30, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor
Health

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

July 30, 2025
Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku
National

US Embassy Circulates Report On How Gov. Makinde, Gombe Gov Lavish Billions On Buildings Amid Ravaging Poverty

July 30, 2025
Next Post
Shock As APC NWC Member Dumps Party For SDP In Kogi

Kogi Guber Poll : SDP Constitutes Campaign Council, Appoints Babanawa D-G

Kogi NUJ 2023 Press Week Kicks Off August 11

Abiodun Promises To Build Journalists Estate In Ogun

Isiguzo Urges Journalists To Continue To Exhibit Integrity, Courage, Excellence

Isiguzo Urges Journalists To Continue To Exhibit Integrity, Courage, Excellence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Ogun JAAC Disburses N5.233bln To 20 LGAs In August

2 years ago

Lukman, DG APC Governors Forum resigns

4 years ago

In Lagos, Woman Seeking Spiritual Help Loses N7.5m To Fraudsters

3 years ago
Kogi vs EFCC : Agbakoba Heads To  Court To Challenge Scope Of Powers Of EFCC

Former Elizade University VC Jailed For 5yrs Over $1.2mln Fraud

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In