By Tunde Opalana Following the public outcry that greeter the recent increase in pump price of fuel across the nation, a Coalition of Civil Society Organisations CSOs, has called for understanding among Nigerians According to the organisation with about 65 CSOs, prices of fuel are being determined by foreign exchange fluctuations induced by international marker […]
There is no imminent plan by the Federal Government to raise the pump price of Premium Motor Spirit (PMS), popularly called petrol, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA) has said. Chief Executive Officer of the Authority, Engr. Farouk Ahmed, disclosed this on Friday in a statement in Abuja and cautioned oil marketers […]
By Kingsley Chukwuka The proposed petrol pump price hike from N162 to N385 per litre by the Nigeria Governors Forum’s (NGF), has generated reaction from a Niger Delta Group, the Ogoni Libration Initiative (OLI), warning that if implemented will meet a resistance of over one million people on the streets of Nigeria. “We will organise […]
Residents of Benin City, the Edo State capital have decried the increase in the pump price of Premium Motor Spirit (PMS) from N123.50 per litre to between N140.80 and N143.80 per litre. Some residents, who spoke in separate interviews, said the N123.50 per litre of PMS was a palliative that both the rich and poor […]
…Asks NNPC to recover overcharge, stolen subsidy funds The Peoples Democratic Party (PDP) has restated its call on the federal government to slash the pump price of fuel to reflect the prevalent slump in the cost of crude oil and petroleum products in the international market The PDP insisted that the government has no justifiable […]
…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 […]
Following another downward review in the pump price of petrol by the Buhari administration , the Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the federal government to stay action before its implementation. The IPMAN South West Zonal Chairman, Alhaji Dele Tajudeen, in a press statement issued on Wednesday in Abeokuta, the Ogun […]
National President of the Road Transport Employers Association of Nigeria (RTEAN), Alhaji Musa Mohammed at the weekend commended the federal government on the downward review of the pump price of petrol, saying the review will go a long way in ameliorating the suffering of the masses. Alhaji Mohammad made the call at the 11th annual […]
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has lauded President Muhammadu Buhari for reducing fuel pump price from N145 per litre to N125 per litre. National President of NOGASA, Mr. Beneth Okorie, who made the commendation at a news conference in Owerri on Saturday, said the measure would help reduce inflation. He […]
Following the reduction of pump price to 125 Naira by the Federal government, the Minister of State for Petroleum Resources, Timipre Sylva, has called on commercial drivers to also follow the steps taken by the government to slash cost of transportation fares. Sylva said this on Thursday at the Leadership Newspapers Conference and Awards for 2019 in […]
Two days after the Federal Government announced a downward review of the price of Premium Motor Spirit (PMS) from N145 to N125, marketers in Anambra are yet to adjust to the new price. Retail outlets in Awka, the state capital were still selling at N145. SON, NERC partner to improve local content production in Nigeria […]
…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 […]