Why new petrol regulation won’t achieve downstream deregulation
Though the Federal Government backed its determination to exit payment of subsidy on Premium Motor Spirit (PMS) with a regulation...
PPPRA removes price cap on petrol
The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol.
How to deregulate Nigeria’s oil, gas downstream sector beyond politics
With over N10.7 trillion spent on subsidising petrol between 2006 and 2019, the move by the federal government to exit subsidy and deregulate the downstream sub-sector will create a win-win situation...
Oil marketers demand pricing formula, legislation to sustain monthly adjustments
Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing formula that will guide the monthly adjustments in the pump price of premium motor spirit (PMS) other wise known as petrol in order to avoid dislocations at the retail end of the value-chain.
Fuel pump price may rise in June as oil heads towards $40 per barrel
If the Federal Government’s pricing template is anything to go by, Nigerians may have to brace for an increase in the pump price of fuel as oil prices begin to head towards the $40 region, following countries’ eased lockdown measures, showing signs of gradual recovery...
Now is time to free petroleum sector from administrative bottlenecks – Iledare
In the shut run, yes price will continue to fall until it begins to rise when inventory is depleted or nearly so. But that depends on whether OPEC+ reduces production dramatically.
Why NNPC ex-depot price cut may not affect petrol
Though the Nigerian National Petroleum Corporation (NNPC) yesterday reduced ex-depot price of petrol from N113.28k per litre to N108.00k per litre across its products loading facilities...
Assuming role of PPPRA, NNPC reduces petrol price to N108
Though the Petroleum Products Pricing Regulatory Agency’s (PPPRA) is officially empowered to regulate the price of petroleum prices in the Nigerian National Petroleum Corporation (NNPC) yesterday took over the role by reducing the pump price of the Premium Motor Spirit otherwise called petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities as well as in its through put operations.
Petrol could sell higher under new pricing regime, says PPPRA
The new pricing regime introduced few weeks ago by The Federal Government, which allows the Petroleum Products Pricing Regulatory Agency (PPPRA) to modulate prices of petroleum products, especially Premium Motor Spirit....
MOMAN pushes for legislation on price liberalisation
Oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) has called for full liberalization of the downstream sector rather than modulating the price of Premium Motor Spirit (PMS) commonly known as petrol.
Petrol marketers agree to sell fuel for N123
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said they have agreed to sell petrol for N123 in compliance with a government directive. "The National Executive Committee (NEC) of IPMAN once more commends the Federal Government of Nigeria for the further reduction of the pump price of PMS to between N123.50k and N125 per litre,"…