Tag: PPPRA
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FG scraps DPR, PEF, PPPRA; announces takeover agencies, CEOs
The Federal Government has scrapped the Department of Petroleum Resources (DPR), Petroleum Equalisation Fund Management Board (PEF[M]B), and Petroleum Product Pricing Regulatory Agency (PPPRA).
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PIA implementation won’t raise fuel price –PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) yesterday said the implementation of Petroleum Industry Act (PIA) may not necessarily lead to an increase in the pump price of petrol in the country. The Executive Secretary of the Agency, Mr Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday. “There is no gainsaying it…
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PIA does not mean increase in petrol price – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the implementation of Petroleum Industry Act (PIA) does not mean automatic increase in the pump price of petrol in the country. The Executive Secretary of the Agency, Mr Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday. “There is no gainsaying that the PIA signals…
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FG apologises to Nigerians over ‘unfortunate’ fuel hike information announced by PPPRA
The Minister of State for Petroleum, Timipre Sylva, has apologised to Nigerians for the distress and inconvenience caused by ‘unfortunate information about the hike in fuel price. Sylva in a statement on Friday explained that neither he nor President Muhammadu Buhari had approved the increase in the retail price of petrol to N212 per litre.…
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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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#FuelPriceHike: Angry Nigerians compare Buhari, Jonathan’s administrations; say we have been scammed
Some Nigerians have taken to social media to express their displeasure over the latest fuel hike. TheNewsGuru.com, TNG reports that the Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday projected the price of Premium Motor Spirit (PMS), better known as petrol, at N212.11 per litre. The agency announced this in its pricing template for the…
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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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Yuletide: PPPRA assures of adequate petroleum products
The Petroleum Products Pricing Regulatory Agency (PPPRA) has given assurance of availability of adequate petroleum products throughout the Yuletide period. The agency gave the assurance in a statement signed by its Executive Secretary Mr. Abdulkadir Saidu, in Abuja, on Thursday. “The average stock of Premium Motor Spirit (PMS) also known as petrol, for both inland…
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FG commences full deregulation as PPPRA hands off fixing prices for petrol
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said it would no longer fix price bank for marketers of petrol in Nigeria and will allow the market forces to determine prices. This was disclosed by the Executive Secretary of the Agency, Mr Saidu Abdulkadir, on Tuesday in Abuja during a chat with newsmen. Represented by…
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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…