Tag: PPPRA
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PPPRA explains ambiguity in deregulation of petrol pump price
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers. PPRA Executive Secretary, Mr Saidu Abdulkadir made this known in a statement in Abuja on Sunday. Abdulkadir, however, said the agency would constantly, on a monthly basis, develop…
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Petrol price: FG urged to enforce holistic industry reform
A coalition of Civil Society Organisations (CSOs) has called on the Nigerian government to enforce a holistic reform in the country’s oil and gas industry. The CSOs, comprising of 13 different organisations working to promote transparency and accountability in the industry made the call in a communique following developments in the sector. They observed that…
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PPPRA removes price cap on petrol
The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol. The agency made the disclosure in a document it released in Abuja on Thursday entitled, ‘’Market Based Pricing Regime for Premium Motor Spirit (PMS) Regulations, 2020’’. It said in the document signed…
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Open market price of petrol crashes to N114.53 per litre – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) said the Open Market price of Premium Motor Spirit( PMS) also known as petrol, in the Nigerian market has dropped to N114.53 per litre. The Agency disclosed that petrol is now valued at N114.53 per litre from the Pricing Template for the commodity, released in Abuja, on Wednesday.…
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Fuel subsidy gulped N43.09bn in one month – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that the federal government paid a total of N43.09 billion as fuel subsidy on Premium Motor Spirit (PMS) or petrol in the month of January 2020. This means that in January, the government paid an average N26.27 on every litre of the commodity to enable Nigerians…
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Presidency clears air on Buhari’s daughter’s ‘fraudulent employment’ at PPPRA
The presidency on Wednesday described as Fake News an online report that Zahra, daughter of President Muhammadu Buhari, has fraudulently secured a job with the Petroleum Products Pricing Regulatory Agency (PPPRA). A statement issued by Femi Adesina, Special Adviser to the President on Media and Publicity, said the report was fake. “While Zahra, just like…
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PPPRA failed to remit N501m in 2014, says DFA
Mr Peter Joshua, the Director of Finance and Administration, Petroleum Products Pricing Regulatory Agency (PPPRA) has admitted that the agency failed to remit N501.2 million into the Federation Account in 2014. The revelation stunned members of House of Representatives Committee on Finance at an investigative hearing on Monday in Abuja. Joshua told the committee that…