In News by stephen abiodun on the 04th, September, 2020

BREAKING: Protest Hits Osogbo Over Electrical energy Tariff, Gasoline Hike

Protest hits Osogbo

Members of the Coalition for Civil Societies in Osun State Friday morning protested in opposition to the hike in electrical energy tariff and petrol worth .

The protesters took off from Freedom Park , Osogbo round eight : 30 am .

The protesters displayed placards displaying their displeasure over the rise in electrical energy tariff and petrol worth .

The protesters lamented that “approval of latest electrical energy tariff and increment within the pump worth of petrol is the very best degree of insensitivity and wickedness from President Muhammad Buhari – led All Progressives Congress authorities.”

Petrol costs have elevated for 3 straight months , rising from N121 .50 –N 123 .50 per litre in June to N 140 .80 -N 143 .80 in July , N 148 -N 150 in August and N158 – N162 in September.

The Petroleum Merchandise Advertising and marketing Firm, a subsidiary of the Nigerian Nationwide Petroleum Company had , on Wednesday , elevated the ex- depot worth of Premium Motor Spirit ( petrol ) to N151.56 per litre from N138.62 per litre however later diminished it to N147.67.

The ex -depot worth is the worth at which the product is bought to entrepreneurs on the depots.

It was reported that in a shock transfer, NERC authorised a rise in electrical energy tariff with impact from September 1, 2020.

This comes three months after the tariff hike implementation slated for July 1 was halted by the Nationwide Meeting, which prevailed on the distribution corporations to shelve the date to the primary quarter of 2021 as a result of present financial challenges in Nigeria .

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A doc seen by our correspondent on Tuesday confirmed that electrical energy prospects , besides these receiving lower than 12 hours of provide, must pay extra for electrical energy ranging from September 1,2020.

Extra Particulars Later…

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