Nigerians may see another increase in retail gasoline prices, as the Petroleum Products Price Regulation Agency (PPPRA) has recommended an upward revision from N121.50.
The Agency has recommended that a Liter of gasoline should now be sold between N140.80 and 143.80.
Globalgistng reports that the Agency wrote in a statement: “after reviewing the prevailing market fundamentals in the month of June and taking into account the realistic operating costs of marketers as far as practicable, we want to recommend a new price range for the PMS pump N140.80 – N143.80/liter for July 2020.”
Meanwhile, Globalgistng reported that in what many Nigerians would consider a sad event, three oil refineries in Nigeria recorded a combined loss of N154 billion,
Globalgistng also reported that Emeka Nelson, a Nigerian from the Eastern part of the country, is still celebrated in his own right for creating a machine that converts waste into gasoline.
The machine does other things, and it is hoped that Emeka’s innovations will help Nigeria’s struggling economy.
The young man shared a post in which he said that a list of things that the machine can do with photos of the invention is on his Facebook page.
In a Facebook post, the young Nigerian reported that the machine converts hydrocarbon-related waste such as plastic, nylon, and so on.
In addition, he showed that the machine is capable of converting this type of waste into kerosene, diesel fuel, tiles, blocking stones, bricks and roofing sheets.
Nelson, who named his invention Mgbanwe C12, noted his gratitude to the team that helped him put the car together.
He said that the invention of the machine is a victory for the whole team.
He wrote: “the greatest things in life start small. This is the Mgbanwe C12a (improved C12 design). Designed and completed in 3 days and nights of hard work.
A machine that converts hydrocarbon waste such as plastic, nylon, waterproof, etc. Into gasoline, kerosene, diesel fuel, tiles, roofing sheets, blocking stones, bricks, etc. I want to use this Wednesday to bless Emeka Nelson’s team; this is a victory for all of us.”