The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre.
Crude oil price accounts for a large chunk of the final cost of petrol, and the deregulation of petrol price by the Federal Government in 2020 means that the pump price of the product will reflect changes in the international oil market.
Going by the petrol pricing template of the Petroleum Products Pricing Regulatory Agency, the landing cost of petrol rose to N186.33 per litre on February 16, with the pump price of the product expected to be N209.33 per litre.
The international oil benchmark, Brent crude, closed at $63.96 per barrel on February 16, up from $59.34 per barrel on February 5.
The British government is planning to avoid the European Union’s controversial Vnuk law, which requires compulsory insurance for vehicles including golf buggies
Denham Springs pedestrian fatally struck by vehicle on Lockhart Road
1 month 2 weeks 12 hours ago
Sunday, February 21 2021
Feb 21, 2021
February 21, 2021 3:07 PM
February 21, 2021
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Source: WBRZ Staff
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DENHAM SPRINGS - A Denham Springs man was fatally struck by a car when he was sitting in the roadway Saturday night.
Louisiana State Police responded to Lockhart Road (LA Hwy 1026) located east of LA Hwy 16 in Livingston Parish around 7 p.m. in regards to a man being struck by a vehicle.
The crash took the life of 30-year-old Daniel Tarver of Denham Springs.
Through an investigation troopers discovered that when Tarver was sitting in the eastbound lane on Lockhart Road a 2017 Ford Fusion hit him.