The Federal Government has threatened to sanction any fuel stations or depot selling above the stipulated approved pump price of Premium Motor Spirit (PMS). The threat followed the persistent fuel scarcity being witnessed in the FCT and its environs as well as in other parts of the country. Mr Farouk Ahmed, Authority Chief Executive, Nigerian […]
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The Independent Petroleum Marketers Association of Nigeria on Wednesday warned members of the association not to dispense Premium Motor Spirit, popularly called petrol, above the approved N165/litre pump price. IPMAN in conjunction with the Association of Distributors and Transporters of Petroleum Products gave the warning in Abuja following reports that many retail outlets had adjusted […]
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The Nigeria Labour Congress (NLC) has rejected a planned petroleum price increase. NLC President, Ayuba Wabba, made the call in a statement he issued to reporters in Abuja, entitled: ”Nigerian workers refused to take the bait’’. According to him, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that petrol could cost as much […]
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The Petroleum Products Pricing Regulatory Agency, (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS), which is also known as petrol, giving marketers freedom to fix price of the commodity and sell above the price it stipulated. In a document released, yesterday evening, by the PPPRA, titled, ‘Market Based Pricing Regime […]
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The federal government of Nigeria has directed the Nigerian National Petroleum Corporation (NNPC) to reduce the ex-coastal and ex-depot prices of Premium Motor Spirit (PMS) to reflect current market realities. In a statement signed by Timipre Sylva, the minister of state for petroleum resources, the federal government said Petroleum Products Pricing Regulatory Agency (PPPRA) should modulate pricing […]
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Nigeria’s Vice-President, Prof. Yemi Osinbajo, on Monday reiterated that the Federal Government had no plan to increase the pump price of petrol in 2018. Osinbajo gave the assurance during his visit to fuel depots in Lagos where he monitored the loading of trucks to ensure steady supply of petrol to designated filling stations. Osinbajo visited […]
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