NMDPRA EXPLAINS WHY THE AUTHORITY CANNOT FIX PETROL PRICES IN NIGERIA. (PHOTO). #PRESS RELEASE.

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  NMDPRA explains why the Authority cannot fix petrol prices in Nigeria THE AUTHORITY  PRESS STATEMENT NMDPRA DOES NOT FIX PETROL PUMP PRICE UNDER THE PETROLEUM INDUSTRY ACT (PIA)    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) acknowledges the deep financial strain and difficulties many Nigerians are experiencing following the recent rise in Premium Motor Spirit (PMS) pump prices. We are fully sensitive to the pressure this places on households, transport workers, and businesses across the country, and we share in the commitment to seeing relief take root as market conditions stabilise. To provide clarity on the statutory framework governing our operations and the active steps being taken to protect consumers, the Authority states as follows: 1. Statutory Market Framework Pursuant to the Petroleum Industry Act (PIA) 2021: Section 205(1) provides that wholesale and retail prices of petroleum products shall be based on unrestricted fre...
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HEZBOLLAH CONFIRMS KILLING OF TOP COMMANDER IN ISRAELI STRIKE ON BEIRUT. (PHOTO).

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 Hezbollah confirms killing of top commander in Israeli strike on Beirut

Lebanese armed group Hezbollah on Wednesday confirmed the assassination of its top commander Fuad Shukr in an Israeli strike on southern Beirut..


The confirmation came the day after Israel said it targeted Shukr in Tuesday's strike on the Lebanese capital and hours after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Follow our liveblog for all the latest developments in the Israel-Hamas war..


The Palestinian militant group Hamas said Wednesday that an Israeli strike in Tehran killed its political chief Ismail Haniyeh. A senior Hamas official said that Haniyeh's death "will not go unanswered" and Palestinian factions in the occupied West Bank called for a general strike and marches to protest his killing.        


Iran's supreme leader Ayatollah Ali Khamenei on Wednesday vowed "harsh punishment" for Israel after the killing of Haniyeh..


Israel did not immediately comment after the death of Haniyeh was announced. However, the government press office posted an image on social media of Haniyeh with the word 'eliminated' stamped across his forehead several hours after the attack..

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