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The South West chapter of Independent Petroleum Marketers Association of Nigeria has directed all its members in the zone to henceforth, increase the pump price of Premium Motor Spirit, otherwise known as petroleum to N150 per litre.
The Major Oil Marketers Association of Nigeria (MOMAN) says Nigeria is gradually heading towards full deregulation of the Premium Motor Spirit (PMS) which will enable pump price to be determined by market forces.
Oil marketers, under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), yesterday, kicked against attempts by some labour groups and trade associations to stage a protest march in opposition to the recent hike in the price of Premium Motor Spirit, also known as petrol.
The Women in Energy Network (WIEN) has accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of secrecy in the computation of the indices guiding pump prices of petroleum products.
The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has impressed on the federal government the need to embark on full deregulation of the downstream sector of the nation’s oil and gas industry, saying this would benefit the economy on the long run.
Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime.
The PPPRA says the recommended petrol retail band for a litre of petrol is now between N140.80 and N143.80.
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.
The Petroleum Products Pricing Regulatory Agency (PPPRA), Sunday, insisted that it would continue to regulate the downstream petroleum industry, irrespective of the recent deregulation of the sector, to prevent petroleum products marketers from exploiting consumers and also to enforce the appropriate laws guiding the industry.
The federal government has, on Monday, June 1, slashed the pump price of Premium Motor Spirit (PMS) also known as petrol to N121.50 per litre.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the downstream oil sector was deregulated on March 19, with the reduction in the pump price of the Premium Motor Spirit(PMS) also known as petrol.
Former governor of Ekiti State, Ayodele Fayose, has vowed to send the former president Olusegun Obasanjo back to prison for all his alleged grievous infractions committed against Nigeria if he becomes president.
Nigeria is expecting to take delivery of military weapons and aircraft from Jordan, China and the United States to reinvigorate its anti-terror war, President Muhammadu Buhari said yesterday. The meeting also agreed that poverty and youth unemployment are at the root of the nationwide security challenges, and needed to be addressed with greater vigour by all tiers of government.
Geoffrey Onyeama, the Minister of Foreign Affairs, on Wednesday announced that he has recovered from COVID-19.
The Department of State Services (DSS), has invited a former Deputy Governor of the Central Bank of Nigeria and stakeholder in Southern Kaduna, Dr. Obadiah Mailafia, to its Jos office over the comment he made recently about a Northern governor being the commander of Boko Haram.
There was palpable fear and apprehension at the popular Ophoke-Abba market, Kpiri-Kpiri in Abakaliki, Ebonyi State capital, following the discovery of a substance suspected to be an Improvised Explosive Device (IED).
Landslides and flooding triggered by days of heavy rain in South Korea have left at least 30 people dead and 12 missings, officials said Sunday, warning of more downpours.
A businessman, Tunde Ajetunmobi, 36, on Friday appeared in an Ikeja Chief Magistrates’ Court in Lagos for allegedly defrauding a housewife of N1.4 million.
Gareth Bale has been left out of Real Madrid squad for their Champions League second-leg round of 16 clash with Manchester City.
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