28 Apr 2020
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....
17 Apr 2020
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.
2 Apr 2020
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,"…
1 Apr 2020
Independent Petroleum Marketers Association (IPMAN) on Wednesday said its members will not comply with the new pump price adjustment until the old stock is exhausted. The Petroleum Products Pricing Regulatory Agency (PPPRA) had on Tuesday announced another reduction of pump price from N125 per litre to 123.50 Per litre. The latest adjustment came less than…
1 Apr 2020
The Nigerian Government has reduced the price of petrol from N125 per litre to N123.5. “Motor Spirit pump price hereby announces guiding PMS pump price of N123.50 per litre," Nigeria's Petroleum Products Pricing Regulatory Agency (PPPRA) executive secretary Abdulkadir Saidu said in a statement. “The guiding price which becomes effective 1st April 2020, shall apply…
24 Mar 2020
For pegging the pump price of petrol at N125 per litre, the Federal Government would be shortchanging Nigerians to the tune of N3.3 billion daily on the 55 million litres of the product consumed...
20 Mar 2020
Social Integrity Network (SINET) yesterday asked President Muhammadu Buhari to discontinue payment of subsidy on Premium Motor Spirit (PMS) as part of measures to cushion the effect of failing oil prices and block leakages in the scheme.
13 Feb 2020
The Presidency yesterday described reports that daughter of President Muhammadu Buhari, Zahra, had secured employment with the Petroleum Products Pricing Regulatory Agency (PPPRA) as false and malicious.
11 Feb 2020
• TETFund clarifies late submission of three years’ accounts The House of Representatives has flayed the Petroleum Product Pricing Regulatory Agency (PPPRA) for allegedly concealing its internally generated revenue (IGR) between 2014 and 2019. The green chamber expressed its anger when the agency’s General Manager Finance, Mr. Peter Joshua, failed to convincingly account for the…
21 Jan 2020
I believe that your report in the front page of today’s Guardian Newspaper referenced above should have been titled “Why Fuel Subsidies In Nigeria Are Illegal And Unconstitutional”.
9 Jan 2020
Nigeria last year spent a whopping N3trillion importing about 18 billion litres of Premium Motor Spirit (PMS) popularly called petrol, the Petroleum Products Pricing Regulatory Agency (PPPRA) disclosed yesterday.
28 Dec 2019
In what appears as a phenomenon to most motorists and travelers, who have coped with the recurring scarcity of Premium Motor Spirit (PMS) or Petrol during Yuletide...