Era of VAT charges on LPG almost gone, says PPMC
In line with the Federal Government’s aspirations to increase local consumption of Liquefied Petroleum Gas (LPG) in the country, Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has disclosed plans by the government to remove the existing value added tax (VAT) on LPG sourced locally. The company’s Executive Director,…
NBS releases petrol price gaps, Borno highest at N166.08 per litre
The price of premium motor spirit, otherwise called petrol, has been reported to be selling for as high as N166.08 per litre in Borno State.
PPMC gets N184.02bn from sale of petroleum products in March
Sale of petroleum products by the Pipeline and Products Marketing Company (PPMC) decreased from the N198.94 billion realised in the month of February to N184.02 billion in May, 2018. Total revenues generated from the sales of white products for the period March 2017 to March 2018 stands at ₦2.129 trillion, where Premium Motor Spirit (PMS)…
PPMC gets N1.864tr from petroleum products
The total revenue generated from the sales of white products by Pipeline and Products Marketing Company for the period of January to December 2017 stood at ₦1.864 trillion. Of this amount, Premium Motor Spirit (PMS) contributed about 84.72 per cent of the total sales with a value of ₦1.579 trillion, according to data from the…
Overhaul pipelines, refineries, depots to address fuel scarcity, PENGASSAN tells FG
In a bid to proffer solutions to the lingering fuel scarcity in the country and attendant man-hours lost at fuel stations, the Petroleum and Natural Gas Senior Staff Association of Nigeria...
Arewa leaders urge government to punish culprits of fuel scarcity
Arewa leaders have condemned the fuel scarcity experienced across the country, urging the management of NNPC to investigate the cause and punish the culprits.
Reps order PPMC to tender proof of $245m payment for special products
The House of Representatives Ad-Hoc Committee on Oil and Gas yesterday gave the Pipeline Products Marketing Company (PPMC) seven days to submit receipts of $245 million paid for products lifted by Duke Oil.
Nigeria gets N160.76b from refined petroleum products in one month
Pipelines and Product Marketing Company (PPMC) realised ₦N160.76 billion from the sale of refined petroleum or white products in December 2016, far above the N145.47 billion collected in November.
Revenue from white products hits N1.12tr
Revenue from the sales of white product by the Pipelines and Products Marketing Company Limited (PPMC) from November 2015 to October 2016 stands at ₦1,128.64 trillion.