Tag: Pump Price
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FG denies increasing petrol pump price
The Federal Government on Monday has denied increasing the pump price of Premium Motor Spirit (PMS) insisting that it was oil marketers who did. FG reiterated that the difference in the cost of the commodity depending on one’s location was arrived at by these marketers.
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NLC threatens FG: We’ll shut down Nigeria if…
The Nigeria Labour Congress (NLC) is not about to back down on its objection to the plan by the federal government to hike petrol price and electricity tariff. Labour vowed yesterday to shut down the country should government proceed with the planned price hike in the new year. Nigerians, it said in its new year…
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FG temporary pegs petrol pump price at N162, says full deregulation happening soon
The Federal Government has declared the pump price of petrol will remain at N162 until it agrees with the Organised Labour for full deregulation of the downstream petroleum sector. Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this in a chat with reporters in Abuja. According to him, there is a consensus that…
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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…
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BREAKING: FG increases pump price of petrol
The federal government has announced an increase in the pump price of petrol, saying the increase was a result of prevailing market fundamentals in the month of June. TheNewsGuru.com (TNG) reports the Petroleum Products Pricing Regulatory Agency (PPPRA) made this known in a circular on Wednesday, advising all marketers to operate a new price band…
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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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Pump-price: Youths close 7 petrol stations in Bayelsa
The Central Zone of Ijaw Youth Council (IYC) has locked down seven petrol filling stations in Yenagoa for allegedly not adjusting to the N125 pump-price. The youth visited many filling stations in Yenagoa and locked down the affected stations. Recall that the Federal Government had reduced the pump price from N145 to N125 per litre…
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Yuletide: No plans to increase petrol pump price from N145 – PPPRA
The Executive Secretary Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu on Tuesday refuted the growing speculation on the purported imminent price increase in the pump price of Premium Motor Spirit (Petrol), noting that the retail price of Premium Motor Spirit (Petrol) remains at the subsisting price cap of N145 per litre. According to…
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Fuel scarcity: Kachikwu allays fears, insists ‘no plans to increase pump price of PMS’
The Minister of State for Petroleum, Ibe Kachikwu, has denied news reports that the federal government was planning to jack up the pump price of petrol, at present fixed at N145 per litre. Idang Alibi, the Director of Press in the ministry in a statement on Thursday night, clarified the minister’s submission made to the…