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*How govt arruved at new N125 per litre fuel price - Official *Buhari orders reduction in fuel priceNo claim for audited petrol stocks prior to subsidy removal, says PPPRA *How we arrived at N87 petrol price – PPPRA *PPPRA…
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The Petroleum Product Price Regulations Agency (PPPRA) on Sunday gave clarifications on the recently published market-based pricing regime regulations, 2020, on Premium Motor Spirit (PMS), otherwise known as fuel, stating that it…
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•Insists $10 Per Barrel Production Cost Feasible The Nigerian National Petroleum Corporation (NNPC) yesterday said there is a prevalence of adulterated Automotive Gas Oil (AGO), otherwise called diesel, across the country. Raising an…
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The Department of Petroleum Resources (DPR) in Nigeria State on Friday, warned that any filling station in the state selling Premium Motor Spirit (petrol) above the approved pump price per litre would be sanctioned. The DPR’s Operations…
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The Federal Government, Thursday proceeded with the full deregulation of the downstream petroleum sector with the removal of the existing cap on petrol price, urging marketers to import and sell the product according to the dynamics of the…
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The Federal Government has paid N168 billion outstanding subsidy debt to oil marketers, as part of measures targeted at stimulating activities in the downstream sector of the petroleum industry. Investigation by Vanguard indicated that the…
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The Petroleum Products Pricing Regulatory Agency (PPPRA ) has announced the reduction of the pump price of the Premium Motor Spirit (PMS) to N121.50 from N123 per litre. The PPPRA in its memo titled “A.4/9/017/C.2/IV/701 31“, also…
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The Independent Oil Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN) on Friday lauded the performance of the Muhammadu Buhari-led administration in the petroleum sector. The oil…
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The Nigerian National Petroleum Corporation (NNPC) is at the receiving end of the fuel subsidy regime and will be the first to benefit once it ends. This is according to the Group Managing Director of NNPC, Mele Kyari who was speaking…
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Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum Products Marketers Association of Nigeria has said. …
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