Tag: NMDPRA
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Amid rising debt, petrol subsidy bill rises to N525.71 billion last month
Amid rising debt, petrol subsidy bill has risen by 17.1 per cent to N525.71 billion last month. This was disclosed in the subsidy bill figures picked by the Federal Government and made available by the Nigerian National Petroleum Company Limited (NNPCL) NNPC. According to the figures, the government has paid N2.568 trillion as subsidies between…
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Fuel scarcity: Apprehension as IPMAN embarks on warning strike
The scourge of fuel scarcity is looming once again as members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have begun a three-day warning strike in nine Northern States of Nigeria.
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Ending petrol subsidy extremely difficult but inevitable – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities.
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Fuel price increase not from government – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva has disclosed that the increase in the price of Premium Motor Spirit (PMS), otherwise known as fuel, is not by the government. TheNewsGuru.com (TNG) reports Sylva, who disclosed this while speaking with journalists on Monday in Abuja, stressed that the federal government was yet to remove…
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FACT CHECK: New PMS price review not authorised by NNPC
Following weeks of fuel scarcity in some parts of the country, reports emerged Tuesday that the Nigerian National Petroleum Company (NNPC) Limited had “quietly” approved an upward review of the pump price of Premium Motor Spirit (PMS). According to reports, the directive which was allegedly issued by the NNPC to fuel marketers varied according to…
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Oil marketers increase pump price to N170-N190/litre
The price per litre of Premium Motor Spirit (PMS) also known as petrol has been adjusted from N165 to a range between 175-190 per litre in filling stations across the country, after oil marketers and the Federal Government had a subtle agreement.
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Fuel subsidy: NNPC pays N74bn to marketers in 7 months
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has paid the sum of N74 billion to oil marketers as bridging claims in the past seven months. The authority made this known in a statement signed by Mr Kimchi Apollo, the General Manager, Corporate Communications, NMDPRA, on Wednesday in Abuja.
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Imported Substandard Petrol: A Call for Synergy – By Umegboro and Odeh
WHAT began as the usual queues for fuel that often disappear after a few days lingered for a longer period this time around, leaving Nigerians with many thoughts of what could have been the cause. When the queues approached the third week in January, many Nigerians thought the marketers were up to their usual trick…
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Fuel Scarcity: Minister pushes to overcome supply disruption
The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in the petroleum industry.