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Just in: NNPC increases petrol depot price to N151.56/litre
Editor
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N151.56 per litre from N138.62 per litre.
This was disclosed in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by D.O Abalaka.
The ex-depot price is the price at which the product is sold to marketers at the depots.
The memo, a copy of which was seen by our correspondent, said, “Please be informed that a new product price adjustment has been effected on our payment platform.
”To this end, the price of Premium Motor Spirit (PMS) is now one hundred and fifty-one naira, fifty-six kobo (N151.56k) per litre. This is effective from September 2, 2020.”
THE PUNCH
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Governor Seyi Makinde of Oyo State has presented the staff of office to the new Alaafin of Oyo, Abimbola Akeem Owoade.
The governor presented the official instrument legitimising the reign of a king to the new monarch on Monday morning at the Exco Chamber of the Governor’s Office in Ibadan, the state capital.
The symbolic event was performed nearly three years after the death of the former Alaafin, Lamidi Adeyemi III.
The presentation of the staff of office was done amid controversy concerning the choice of the new Alaafin announced by the governor last week.
Last Friday, the state Commissioner for Information and Orientation, Dotun Oyelade, said Owoade after thorough consultations and divinations, was recommended by the Oyomesi and approved by the governor.
He said the announcement put to rest, all the socio and legal bickering that have ensued since the demise of Oba Lamidi Olayiwola Adeyemi III on April 22, 2022.
The commissioner called on all citizens of Oyo State to join the government in celebrating this momentous occasion and lend their support to the new Alaafin of Oyo.
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