Tag: Petrol Price
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Petrol price negotiation still ongoing – NNPC
The Nigerian National Petroleum Corporation (NNPC) yesterday said state governors do not run the affairs of the corporation, stressing that negotiation to determine a new pump price of petrol was still ongoing between the organised labour and the Federal Government. It added that there was no official announcement of any price hike for the product.…
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Labour tackles FG over fresh move to increase fuel price
The Organised Labour has criticised the federal government over its fresh move to increase petrol pump price following the rise of crude oil price above $60 per barrel in the international market. Timipre Sylva, the minister of State for Petroleum Resources, on Tuesday at the official launch of Nigerian Upstream Cost Optimisation Programme, urged Nigerians…
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Increment: We no longer regulate petrol price – FG
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated the Federal Government is no longer fixing the pump price of petroleum products in the country. Sylva made this known while briefing newsmen on the increase in the pump price of Premium Motor Spirt (PMS), also known as petrol. The Petroleum Products Marketing…
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Just in: FG reduces petrol pump price to N121.50
The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 from N123.50 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, which is an agency of the Federal Government, disclosed this in a circular to fuel marketers dated May 31, 2020. The sharp drop in crude oil…
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No plans to increase petrol price above N145, NNPC assures Nigerians
The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plans to increase the pump price of petrol. NNPC made the denial in a statement by Mr Ndu ughamadu, its Group General Manager, Group Public Affairs Division. The statement explained that the recent increase in bridging allowance to transporters from N6.20 to N7.20…