The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed a petrol pricing template that announced a retail price rise in petrol. The template, which was posted on the company’s website on Thursday night, was taken down on Friday morning in the wake of the outcry over the price hike. The suggested retail price per litre, […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of ₦8.94 trillion on oil subsidy between 2006 and 2015. READ ALSO: Deregulation: Govt to subsume PEF, PPPRA – Petroleum minister The agency disclosed this in a document on subsidy payment released in Abuja on Monday. Daily Times Nigeria gathered […]
By Tunde Opalana, Abuja With last week deregulation of the oil sector, Federal Government may have to forgo full operations of both the Petroleum Equalisation Fund (PEF) and Petroleum procducts Pricing Regulatory Agency (PPPRA), two major parastatals in the sector. READ ALSO: Petrol price to be set by oil marketers, says PPPRA Minister of State […]
According to the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices, Daily Times gathered. On 19th March 2020, the government, through the Petroleum Products Pricing Regulatory Agency […]
…To provide guiding price band by monitoring petroleum products prices daily The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers. PPRA Executive Secretary, Mr. Saidu Abdulkadir, stated this in a statement in Abuja, on Sunday. Abdulkadir, however, […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it will continue to advise oil marketers on the pump price of the Premium Motor Spirit (PMS), generally known as petrol. The agency, in a statement by its Executive Secretary, Abdulkadir Saidu on Sunday in Abuja, said that marketers were not allowed to fix prices of products. […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol. The agency made the disclosure in a document it released in Abuja, on Thursday entitled: ‘’Market based pricing regime for Premium Motor Spirit (PMS) regulations, 2020.’’ It said in the document signed […]
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said it can sell petroleum product at N123.5 per litre and not N121.5 new PPMC pump price. IPMAN who reacted to the new price modulation announced by the Petroleum Pricing Regulatory Agency, PPPRA, says the agency has advised them to either sell at the new pump […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is engaging the Central Bank of Nigeria (CBN) to determine the applicable foreign exchange rates for the importation of petroleum products into the country. The PPPRA Executive Secretary, Abdulkadir Saidu, said in a statement issued in Abuja on Monday that the engagement was also to ensure […]
…As IPMAN directs members to adjust to new price The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement in a statement singed by its Executive Secretary, Abdulkadir Saidu, in […]
The Petroleum Products Pricing Regulatory (PPPRA) on Friday, March 20; revealed that the new price would last temporarily till the end of March after which a new price would be adopted on 1st April. This was contained in a statement issued by Abdulkadir Saidu, Executive Secretary of the PPPRA; at a media briefing in Abuja. […]
The Petroleum Products Pricing Regulatory Agency has debunked fear of petroleum shortage in the country as global oil demand declined drastically. In a statement signed by the agency Executive Secretary, Abdulkadir Saidu, he said, Nigerians have nothing to fear despite the rising fear of coronavirus spread affecting the global oil demand. He said that the […]
The Petroleum Product Pricing Regulatory Agency, PPPRA, has come under severe bashing as it was uncovered that the agency has defaulted to the tune of several billions unremitted to the federation account. The House of Representatives committee on Finance investigating unremitted funds by ministries, departments and agencies of government (MDAs), made the discovery on Monday […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) said that over 18 billion litres of Premium Motor Spirit (PMS) also known as petrol was supplied in Nigeria in the year 2019. PPPRA disclosed this in its PMS report signed by its Executive Secretary, Alhaji Abdulkadir Saidu and released in Abuja, on Wednesday. It said that total […]
Abuja – The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the current open price market of the Premium Motor Spirit (PMS) also known as Petrol as at Nov. 15 was N163.68. The Agency disclosed this in its Petroleum Products Pricing Template released on its website, on Monday in Abuja. According to the template, the […]
The Nigerian National Petroleum Corporation (NNPC) on Sunday said the landing cost of imported petrol is now N171 per litre, but emphatically stated that it will continue to make it available to Nigerians at the approved N145 a litre. The Group Managing Director of the NNPC, Maikanti Baru, disclosed the new level of subsidy as […]
Petroleum Products Pricing Regulatory Agency (PPPRA) has denied reports speculating an imminent petrol scarcity over Federal Government’s inability to pay fuel marketers’ N660 billion debt. In a statement released in Abuja by the PPPRA spokesman, Mr Lanre Oladele, the agency said the report was misleading and “a gross misrepresentation of facts”. ”There […]
The Petroleum Products Pricing Regulatory Agency, (PPPRA), branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN) has called on the government for the introduction of fuel tax that will lead to the adjustment of the current fuel pump price. PENGASSAN has proposed the addition of N1.50 to the current fuel price […]