Skip to main content

Filling stations lower gas pump prices as the value of the Naira rises to a seven-month high against the US dollar

 

Due to the naira's strengthening relative to the US dollar, some gas stations have chosen to lower their gas pump pricing. This might potentially result in lower transportation costs and less pressure on households to experience inflation. Right now, the value of the Nigerian Naira relative to the US dollar is at its highest point in the previous seven months. Continue reading: 

Because to the considerable appreciation of the naira against the US dollar, Premium Motor Spirit, often known as gasoline, is now selling for N620 per litre in various parts of Lagos state, down from N640 and N660 per litre a few weeks ago.

Also, the substance is offered to drivers for about N580 per litre, according to visits Timiyandas.blogspot.com/timbloggist.com made to certain Nigerian National Petroleum Company Limited outlets. 

NNPCL hasn't formally revealed the nation's new gas rates, but the changes seen in a few Lagos gas stations portend better news despite the high cost of living.

The former president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo, previously discussed the connection between the naira's performance and fuel prices..


Comments

Post a Comment

Popular posts from this blog

HIP! HIP! HIP! HURRAY! BIRTHDAY WISHES FROM TIMBLOGGISTBLOGSPOT/TIMIYANDASBLOGSPOT

To my blood:- This birthday, I wish you abundant happiness and love. May all your dreams turn into reality and may lady luck visit your home today. Happy birthday to one of the sweetest brother I’ve ever known.” “May you be gifted with life’s biggest joys and never-ending bliss. After all, you yourself is a gift to earth, so you deserve the best” “Count not the candles…see the lights they give. Count not the years, but the life you live. Wishing you a wonderful time ahead" “Forget the past; look forward to the future, for the best things are yet to come.” “Birthdays are a new start, a fresh beginning and a time to pursue new endeavors with new goals. Move forward with confidence and courage. You are a very special person.  May today and all of your days be amazing!” “Your birthday is the first day of another 365-day journey. Be the shining thread in the beautiful tapestry of the world to make this year the best ever. Enjoy the ride.” Happy Birthday blood brother! Happy Bir...
1 comment
Read more

Legendary Nollywood Actor, Nkem Owoh, Popularly Known As Osuofia Set To Bury His 24-Year old daughter

So s@d: Legendary Nollywood Actor, Nkem Owoh, Popularly Known As Osuofia Set To Bury His 24-Year-Old Daughter, Kosisochukwu, Who died After A Brief Illness
Post a Comment
Read more

UST-IN: Kano Governor Enacts 24-Hour Curfew Due to Violent Demonstrations and Theft

A 24-hour curfew was imposed on Kano State on Thursday by Governor Abba Kabir Yusuf in reaction to the growing violence during the #EndBadGovernance demonstration. The declaration was released through a press release from the State Government House in the midst of allegations of looting, assault, and vandalism on both public and private property in Kano City. Governor Yusuf emphasized, "This action is meant to ensure the safety of lives and property." After starting out peacefully, the protest quickly spiraled out of control, forcing the state government to step in. According to Governor Yusuf's proclamation, everyone in the area had to stay indoors during the curfew. "It is now the responsibility of all state security agencies to ensure full and immediate compliance," The Governor Declaring, Yusuf charged law enforcement officials with upholding public order and executing the curfew. The governor also urged people to remain calm and vigilant, pleading with them...
Post a Comment
Read more