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 Petroleum Products Pricing Regulatory Agency, (PPPRA), has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, (PMS) which is also known as petrol. The PPPRA, an agency of the Federal Government, made this announcement in a circular to fuel marketers which was May 31, 2020. The sharp […]
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The 9th Nigerian Senate has requested the Federal Government to declare a state of emergency on Federal roads. Legislators in the red chamber, had made the request on Tuesday, during the plenary, at the National Assembly, Abuja. Senator Goshom Bassey from Cross River State who raised the motion, had raised concerned over the deplorable state […]
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The House of Representatives Ad-hoc Committee on Review of Pump Price of Petrol has called on private marketers of petrol to sell at the government-regulated price. The Chairman of the committee, Rep. Raphael Igbokwe, made the call during an oversight visit to Liquid Bulk Ltd., Conoil, DELMAR Petroleum Company Ltd. and some other petrol marketers in […]
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Members of the House of Representatives say “unnecessary charges” by Petroleum Products Price Regulatory Agency (PPPRA) are the reason Nigerians pay N145 per litre for premium motor spirit (PMS). At a public hearing on Monday, the ad hoc committee on the review of PMS said the 145 per litre pump price was causing Nigerians “great […]
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