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We no longer fix price of petrol – PPPRA

Ihesiulo Grace 29 June 2020 0

…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

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PPPRA removes price cap on petrol

Ihesiulo Grace 5 June 2020 0

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 […]

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Nigeria imported 20.89 billion litres of PMS in 2019-NBS

Ihesiulo Grace 20 May 2020 0

The National Bureau of Statistics (NBS), says the country imported 20.89 billion litres of Premium Motor Spirit (PMS) also known as petrol in 2019. The NBS made this known in its latest report on petroleum products importations statistics for 2019 released on Wednesday. It said that the country also imported 5.15 billion litres of Automotive […]

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PPPRA further reduces pump price of petrol to N123.50 per litre

Ihesiulo Grace 2 April 2020 0

…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 […]

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Labour leaders call for further reduction of fuel price

Ihesiulo Grace 19 March 2020 0

Some labour union leaders have expressed dissatisfaction over the reduction in the price of Premium Motor Spirit (PMS) from N145 to N130, saying the federal government ought to have reduced it further. They spoke separately on Thursday in Lagos. READ ALSO: German economists warn of dramatic 9-per-cent contraction in GDP Deputy General-Secretary, United Labour Congress of

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Mixed reactions greet slash in petrol price

Ihesiulo Grace 19 March 2020 0

…Why Buhari approved reduction in price of PMS – Sylva Mixed reactions on Wednesday trailed the reduction in the pump price of Premium Motor Spirit from N145 to N125 per litre by the Federal Government. While some Nigerians lauded the reduction, petroleum marketers, however, faulted the government for not engaging stakeholders before announcing the new […]

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Open market price of fuel drops to N114.53 per litre – PPPRA

Ihesiulo Grace 12 March 2020 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) says, Open Market price of Premium Motor Spirit( PMS) also known as petrol, in the Nigerian market has dropped to N114.53 per litre. The Agency disclosed this in the data for PMS Price for Tuesday, March 10, from the Pricing Template for the commodity, released in Abuja, on […]

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Attempt to hike fuel price ‘ll trigger inflationary pressures in H2 –analysts

Ihesiulo Grace 21 January 2019 0

A group of analysts at ARM Research have expressed fear that possible hike in price of premium motor spirit (PMS) commonly called petrol could likely fuel fresh inflationary pressures in second half of 2019. The National Bureau of Statistics (NBS) had disclosed that inflation rate 11.44 per cent for December 2018, highest peak of 15.13 […]

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Senate gives NNPC 14-day ultimatum to give details of $1.05 billion subsidy account

Ihesiulo Grace 2 November 2018 0

The Senate on Thursday gave the Nigerian National Petroleum Corporation (NNPC) 14 days ultimatum within which to furnish it with details of the operation of $1.05billion fund created to augment shortfall in price of premium motor spirit (PMS) into the country. An Ad-Hoc Committee of the Senate set up to investigate the application of $3.5 […]

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NNPC imports $5.8bn petrol to stop fuel crisis

Ihesiulo Grace 21 February 2018 0

The Nigerian National Petroleum Corporation (NNPC) has said it has imported 9.8 million metric tons of Premium Motor Spirit (PMS) worth $5.8 billion to combat the fuel crisis which has been plaguing Nigeria since December last year. The Group Managing Director of the Corporation, Dr. Maikanti Baru, made this known during a public hearing by […]

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Marketers to NNPC: Increase petrol supply

Ihesiulo Grace 16 January 2018 0

Owing to the persistent scarcity of the Premium Motor Spirit (PMS) also known as petrol, nationwide, the Executive Secretary, Depot and Petroleum Products Marketers Association (DAPPMA), Mr. Olufemi Adewole, on Monday urged the Nigerian National Petroleum Corporation (NNPC) to increase its supply to the marketers. He admitted that the corporation was giving fuel to

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NARTO, PTD pledge to support NNPC in adequate supply of PMS

Ihesiulo Grace 25 December 2017 0

Owing to the decision made by the Nigerian National Petroleum Corporation to ensure availability of Premium Motor Spirit, (PMS), the National Association of Road Transport Owners (NARTO) and Petroleum Tanker Drivers (PTD) have pledged to throw their weight behind the NNPC in its efforts to rid the hiccups being experienced in the supply and distribution […]