In News by Oluwaseun Samuel on the 04th, September, 2020

Protest Hits Osogbo Over Electrical energy Tariff, Gas Hike

Protest Hits Osogbo Over Electricity Tariff, Fuel Hike

Osogbo protests

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In keeping with a report by The PUNCH, members of the Coalition for Civil Societies in Osun State Friday morning protested towards the hike in electrical energy tariff and pump value.

The protesters took off from Freedom Park, Osogbo for different components of the city round eight:30 am.

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

Petrol costs have elevated for 3 straight months, rising from N121.50–N123.50 per litre in June to N140.80-N143.80 in July, N148-N150 in August and N158-N162 in September.

The Petroleum Merchandise Advertising Firm, a subsidiary of the Nigerian Nationwide Petroleum Company had, on Wednesday, elevated the ex-depot value 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 value is the value at which the product is offered to entrepreneurs on the depots.

When the collapse of world crude oil costs triggered the discount of the pump value of petrol from N145 per litre to N125 in March, the Petroleum Merchandise Pricing Regulatory Company mentioned it could advise the NNPC and oil advertising firms on the month-to-month “guiding retail value” at which the product shall be offered throughout the nation.

Particulars later…

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