Tag: PPMC
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Why some filling stations in Lagos are not selling fuel – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said that filling stations in Lagos were not selling fuel because of uncertainty of the new pump price. IPMAN’s President, Mr Chinedu Okoronkwo, made this known in an interview in Lagos. The Petroleum Products Marketing Company (PPMC) had adjusted the ex-depot price of Premium Motor…
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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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PPMC fixes ex-depot price of PMS at N138.62 per litre
The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre. PPMC disclosed this in a memo signed by its Manager, Sales, Mohammed Bello, in Abuja, on Tuesday. The ex-depot price is the price at…
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$18.5b oil revenue: Ex-PPMC MD, Haruna Momoh to forfeit nine Dubai properties
The Economic and Financial Crimes Commission, EFCC has commenced probing the disappearance of $18.5billion earned by the Nigerian National Petroleum Corporation (NNPC) during former President Goodluck Jonathan’s administration. The cash, according to an insider source have been traced to eight suspected assets in Dubai belonging to a former Managing Director of the Pipelines and Product…
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Fuel theft: Rejig PPMC board to forestall future occurrence – Senate orders NNPC
Following the unauthorised sale of over 132 million litres of fuel kept as strategic reserves and the subsequent involvement of some officials of the Petroleum Products Marketing Company (PPMC) in the product sale, the Senate has ordered the Nigerian National Petroleum Corporation, NNPC to sanction erring officials of the PPMC in order to forestall future…