FG has scrapped DPR, PPPRA, PEF sacked their CEOs and has inaugurated new agencies. EKOHOTBLOG reports that the Federal Government on Monday officially announced the scrapping of the Department of Petroleum (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalization Fund (PEF). The development was disclosed by the Minister of State for … Read more
The Petroleum Products Pricing Regulatory Agency (PPPRA) has spoken about the increment of petrol price in the country. EKOHOTBLOG reports that the Petroleum Products Pricing Regulatory Agency (PPPRA) has said that the negotiations between the Federal Government (FG) and Organised Labour would minimise the effect of subsidy removal upon full deregulation of the oil sector. … Read more
President Buhari has appointed a new PPPRA Chairman and an Executive Secretary. EKO HOT BLOG reports that President Muhammadu Buhari has approved the appointment of a new Chairman and an Executive Secretary for the Petroleum Product Pricing Regulatory Agency (PPPRA). This was made known by the Special Adviser to the President on Media and Publicity, … Read more
The Petroleum Products Pricing Regulatory Agency (PPPRA) has declared that its publication of monthly template, does not amount to increasing the price of Premium Motor Spirit (PMS) otherwise known as petrol. The latest development was made known by the PPPRA Executive Secretary, Abdulkadir Saidu, on Friday. The Petroleum Products Pricing Regulatory Agency (PPPRA) has declared … Read more
… the retail price of petrol would sell between market band of ₦209.61 and ₦212.61 Reactions have begun trailing reports that the Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to ₦212.6 per litre. The Petroleum Products Pricing Regulatory Agency (PPPRA) had said in a new monthly template that the retail price … Read more
Following the announcement of the increase in fuel price by the Federal Government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) South West zone, on Sunday, threatened to stop further lifting of petroleum products in all the Southwest depots. The association described the government decision as unfavorable, stating that new price regime of 143.8 as … Read more
The Nigeria Labour Congress, NLC, on Thursday, says it is rejecting the increase in the pump price of Premium Motor Spirit commonly called ‘petrol’ from N121 to N143.80 announced by the Petroleum Products Price Regulatory Agency, PPPRA. While demanding an immediate reversal of the price, Labour argued that the new price in this COVID-19 pandemic was … Read more
The Petroleum Products Pricing Regulatory Agency, PPPRA, has stated it’s positioned on petrol price control. According to the agency, if the likes of the Central Bank of Nigeria (CBN) can regulate all banks, financials sectors under its supervision, and as well the Nigerian Communications Commission, NCC, could regulate the telecommunications, it shouldn’t be a problem … Read more
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Sunday announced that the price of petrol has now been fully deregulated and that the agency will no longer fix prices for Nigeria’s mainstay commodity. PPRA Executive Secretary Saidu Abdulkadir, who announced the development, said the agency would every month, develop a guiding price for the commodity, … Read more
Federal Government has announced a reduction of the pump price of the Premium Motor Spirit (PMS) otherwise know as fuel to N123.50 per litre. According to the Petroleum Products Pricing Regulatory Agency (PPPRA), Executive Secretary, Mr. Abdulkadir Saidu, the new price takes effect from today, April 1, 2020. In a statement in Abuja on Tuesday … Read more
The House of Representatives has commenced the probe of an alleged non-remittance of N1.343tn Internally Generated Revenue (IGR) to the Consolidated Revenue Account by the Petroleum Products Pricing Regulatory Agency (PPPRA). Two members of the House, Reps. Ossai Nicholas Ossai (PDP-Delta) and Julius Ihonvbere (APC-Edo), sought the probe, through a Bill under Matters of urgent … Read more