Tag: PMS
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Fuel price hike: PPPRA backtracks
The Petroleum Products Pricing Regulation Agency (PPPRA) says the March guiding prices posted on its website does not translate to increase in the pump price of Premium Motor Spirit (PMS) also known as petrol. The PPPRA Executive Secretary, Abdulkadir Saidu disclosed this in a statement in Abuja, on Friday. “The attention of the Petroleum Products…
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No hike in petrol price for now – Marketers
Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) say there is no hike in the pump price of Premium Motor Spirit (PMS) or petrol. The groups confirmed the development in separate interviews on Friday in Lagos while reacting to reports that the price of PMS has been increased…
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We’ve not increased ex-depot price of petrol – NNPC
The Nigerian National Petroleum Corporations (NNPC) says it has not increased the Ex-depot price of Premium Motor Spirit (PMS) also known as petrol. The Group General Manager, Group Public Affairs Division of the Corporation, Dr Kennie Obateru, disclosed this while addressing newsmen in Abuja on Friday. Ex-deport price is the price at which oil marketers…
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We are not aware of petrol price hike – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it has not received any official communication on Fuel price hike. The Chairman of the association in Kano State, Alhaji Bashir DanMalam stated this while briefing newsmen on Friday in Kano over the report going round that the pump price was increased to over N212 per…
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Fuel scarcity panic hits Abuja
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised Nigerians to stop panic buying and stocking of Premium Motor Spirit, popularly known as petrol. Alhaji Suleiman Yakubu, the National Public Relations Officer of IPMAN, gave the advice in an interview on Sunday in Abuja, the federal capital territory (FCT). Yakubu fielded questions on the…
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FG scraps APER, introduces PMS for civil servants
The Federal Government has scrapped the Annual Performance Evaluation Report (APER), as a tool for assessing civil servants. Instead, government has introduced Performance Management System (PMS) as a new evaluation tool. The Head of the Civil Service of the Federation (HOCSF), Dr Folasade Yemi-Esan, made this known on Monday in Abuja. She spoke at the…
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Fuel scarcity scare hits Abuja as long queues resurface at petrol stations
Long queues have resurfaced in most filling stations in the Federal Capital Territory, Abuja. Most filling stations along the Kubwa Expressway and around Area 1 were filled with motorists trying to buy Premium Motor Spirit (PMS), also known as petrol. Some of the petrol stations that recorded the queues are Shema Filling Station, AA Ranonoil,…
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Fuel price: PPPRA owns up on contradiction in deregulation policy
The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the country. The Executive Secretary of the Agency, Saidu Abdulkadir, gave the assurance on Tuesday in Abuja, while briefing newsmen on the deregulation of the downstream oil and gas sector. Abdulkadir…
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Buhari opens up on provision for fuel subsidy in revised 2020 budget
President Muhammadu Buhari has said there is no provision for fuel subsidy in the revised 2020 budget. He said this is simply because the federal government cannot afford it, if reasonable provisions must be made for health, education and other social services. Buhari made this known in his address at the first year ministerial performance…
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Marketers react as PPMC fixes ex-depot price of petrol at N138.62 per litre
…MOMAN Chairman says pump price of petrol could go as high as N151 per litre The Major Oil Marketers Association of Nigeria (MOMAN) has said Nigeria is gradually heading towards full deregulation of the Premium Motor Spirit (PMS), which will enable pump price to be determined by market forces. Mr Tunji Oyebanji, Chairman, MOMAN, disclosed…