PPMC

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020.

The House of Representatives has stated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies.

The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November, 2020.

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N13.43billion for the month of November 2020 up by 54% when compared to the N8.71billion surplus recorded in October 2020.

This, according to the organizers, is due to the concerns they have about the current health and safety challenges both on the continent and globally that significantly jeopardizes the ability of the campaign to continue to achieve its objectives.

The federal government and organised labour will reconvene on February 22, 2021 for the consideration of the reports of their bipartite technical committees on fuel price and electricity tariff.

The Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that it generated N1.95 trillion from the sales of petroleum products in 12 months, from October 2019 to October 2020.

The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from the sales of white products in the month of October 2020 representing 92% increase over the ₦80.15 billion sales in September 2020.

Vice-Chairman of the Presidential Task Team on the Restoration of Law and Order in Apapa Port (PTT-RLO) Kayode Opeifa has said his Team has erased traffic gridlock in Apapa.

The Federal Government has inaugurated a Technical Committee for the monitoring of Premium Motor Spirit (PMS) price framework in the country.

The Federal Government has reduced the pump price of premium motor spirit (petrol) from N168 per litre to N162.44 per litre effective from December 14, 2020.

The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre to N162.44 per litre effective from December 14, 2020.

The revenue from petrol sold by the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has dropped in the first two consecutive months of price hike.

He said market forces should determine the appropriate price for petrol whenever the commodity is deregulated in line with the best practices so as to avoid further corruption in the oil sector.

The Nigeria Labour Congress (NLC) has called for the reversal of the hike in fuel price announced last week by the government, saying the hike has worsened the misery of Nigerians.

The Nigerian National Petroleum Corporation (NNPC) has announced N153.17 ex-depot price for Premium Motor Spirit (PMS) also known as petrol for the month of November.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said that filling stations in Lagos were not selling fuel because of the uncertainty of the new pump price.

The Independent Petroleum Marketers Association of Nigeria, Kano branch has directed its members across the state to sell Premium Motor Spirit (petrol) from N168 to N170 per litre.

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre.

The Major Oil Marketers Association of Nigeria has said the recent fire outbreak at the depot of one of its members, OVH Marketing Limited, will not cause product supply disruptions.

The Independent Petroleum Marketers Association of Nigeria, IPMAN, Kano State branch has on Wednesday allayed the fear of possible petroleum products scarcity as a result of EndSARS protest which disrupted the distribution of the product.