Skip to main content

FG removes fuel subsidy, says petrol to sell for N85 by Jan 1st 2016

Minister of State for Petroleum , Dr Ibe Kachikwu during a tour of the Port Harcourt refinery on Christmas Day said that the Federal government is working to reduce the pump price of petrol to about 85 or 86 naira per litre by Jan 1st. He said efforts were on to get the refinery to achieve 60 percent production capacity and to supply about 11 million liters of petrol daily. “If you look at the new PPPRA template that we developed and which I just signed off two days ago, when it is announced you will find out that for now ,and I use the emphatic word of the President for now, the price of the refined product will actually be lower than 87 naira, It will be 85. We will probably announce that in January if the prices hold. “Like I said, we have done a modulation calculation and it is showing us below N87. I imagine that if PPPRA publishes it today, it will become effective immediately. But the 1st of January that is when we are looking at.” “What that does for you is that its modulating. If it goes up you move up, if it comes down you come down. So we take away the fact of having to go find funds to pay for these subsidies that we cannot afford. “More importantly we try to be as close to the pump price that we have now as possible,” he said.

Comments

Post a Comment

Popular posts from this blog

How My Daughter Seduced Me To Have Sex With Her – John Awah

“I became attracted to my daughter, when I saw her. And I told her I wanted to show her true love… Actually, she was the person that started it by always changing her cloths in front of me and this attracted me” – Says John Awah, who claimed that the multiple rounds of sex he had with his daughter was ‘consensual’ It sounds bizarre, untrue, and squeamish, but it’s the whole truth. Yes, it actually took place in Nigeria, Lagos, a city where everything seems possible. When Chinyere, 18, decided to leave her mother in Abia State and pay her father, John Awah, a visit in Lagos, she must have been longing for a tender loving care, which fathers give their children. But she surely did not bargain for what she eventually ended up with – steamy sex sessions with her father. Upon her arrival, her father was shocked to his bone marrow that his daughter who left him when she was a year old, had suddenly grown to a full girl, and he suddenly fell in love with her. Awah said: “I became attracted ...
57 comments
Read more

Former Super Eagles Coach, Stephen Keshi, Is Dead

One of the most iconic captains of the Nigerian national football team, the Super Eagles, and former coach of the team, Stephen Okechukwu Keshi, is dead, his family has announced. He was 54. Emmanuel Ado a brother to the late coach said the 54-year-old died of Cardiac arrest in the early hours of Today Wednesday, June 8. “With thanksgiving to God, the Ogbuenyi Fredrick Keshi family of Illah in Oshimili North Local Government Area of Delta State, announces the death of Mr. Stephen Okechukwu Chinedu Keshi,” Mr. Ado said in a statement. He continued “Our son, brother, father, father-in-law, brother-in-law, has gone to be with his wife of 35 years (Nkem ), Mrs. Kate Keshi, who passed on on the 9th December 2015. “Since her death, Keshi has been in mourning. He came back to Nigeria to be with her. He had planned to fly back today Wednesday, before he suffered a cardiac arrest. He has found rest.” Though deeply mourning the shock exit, Mr. Ado said the family remained grateful to God for th...
Post a Comment
Read more

Emmanuel Babayaro’s Séxcapade With Actress, Biola Ige, At Oriental Hotel

According to what Aproko247 reported; Emmanuel Babayaro may not be too popular like his other brother, Celestine Babayaro, a former player of Chelsea FC of England and ex-Nigerian international, but he is very popular with the entertainment industry where he is also a player. Emmanuel can also not be forgotten because of his role in the golden days of the Nigerian football where he was part of the team that won gold medal for Nigeria at the Atlanta 96 Olympics Games held in the United States of America where he was as a goalkeeper along with Dosu Joseph who manned the poles for Nigeria for most of the matches played. As a singer and actor himself, one cannot but agree that he is also a player in the entertainment industry even though he may not be a major player there. What one of our correspondents authoritatively got from sources within popular hotel in Lekki, Lagos, Oriental Hotel, which is thought to be owned by former Lagos State governor, Chief Bola Tinubu, is that Emmanuel and ...
Post a Comment
Read more