Today is a good day as there is a new development regarding the price of premium motor spirit (PMS) in the country. We could recall that in the middle of last month the price was hiked to N170 per liter against N164 which it was sold earlier. The increase in the price brought a lot of debate, arguments and outcry from the masses giving the economy of Nigeria and the recession it just entered in the end of November. As Nigerian Christians are eagerly preparing for this year's Christmas, the only news they want to hear is about decrease in price of fuel so that traveling back to their respective hometown will be possible for the Christmas and new year celebrations.
As seen below is the price board of Oando Fuel Station with the price of petrol per litre
They N5 per litre slash in the price of Premium Motor Spirit (PMS) also known as petrol by the Federal Government, which came into effect on Monday, December 14, 2020, has not gone down well with Oil marketers and Depot owners in Nigeria who have demanded access to foreign exchange from the Central Bank of Nigeria (CBN) and full deregulation of the downstream sector. Even though not all the fuel stations sells at that price in some states, here in kaduna I bought mine N160 per little
The company was incorporated as a private company on 1st June 1956 to market petroleum products in Nigeria. Since the commissioning of its first filling station at Herbert Macaulay Street, Yaba Lagos in 1956, the Company has expanded its business through a network of over 560 retail outlets, numerous corporate customers and organizations that are served through eight sales areas and four territories: Western, Eastern and Northern with Head Office in Lagos.
The groundbreaking research toward a post-petroleum economy was commissioned by the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) to provide some cost-benefit analysis of oil and gas and the prospects of renewable energy for Nigeria. It is to help policymakers to take the bold step toward a post-petroleum economy for Nigeria while depending less on oil and gas revenues. The research which builds on decades of a campaign to “leave the oil in the soil,” focuses on the benefits of oil and gas in relation to the renewable energy sector.
SOURCE OF PRICE OANDO FUEL STATION
REACH CREDIT: GOGGLE
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