Petroleum Equalisation Fund (PEF): A temporary agency?
The problems facing NNPC are numerous and complicated. The solutions devised to end these problems are confusing, obfuscating and almost deliberately framed to be incomprehensible to the rational mind.
No plan to increase pump price of petrol
Mr Victor Shidok, the Acting Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), on Monday in Abuja said there was no plan to increase the price of petrol.
Nigeria targets 10% biofuel inclusion in petroleum products
There are indications that Nigeria may reduce the import of its petroleum products by 10% when a policy on biofuel becomes operational, the Executive Secretary of Petroleum Products Pricing Regulatory Agency (PPPRA), Victor Shirok, has said.
There will be no reduction on petrol price, says PPPRA
PPPRA’s defence follows recent allegations by the House of Representative, accusing the Agency of impoverishing Nigerians by making them incur unnecessary costs in its pricing template.
Federal government denies increase in fuel price
Oil marketers have refused to resume the importation of petroleum products, particularly petrol, until the Federal Government can guarantee them access to dollars at the official exchange rate fixed by the Central Bank of Nigeria (CBN).
Petrol price template crumbles
The rising cost of crude oil in the international market has renewed pressure on government to increase the pump price as subsidy is staging a gradual comeback.
All I want for Christmas
The famous Mariah Carey song “All I want for Christmas” opens with a familiar refrain “I don’t want a lot for Christmas, there is just one thing I need.”
Reps want fuel price reduced to N70 per litre
The House of Representatives yesterday urged reduction of the price of premium motor spirit (PMS) popularly called petrol to N70 per litre.