The recent call by former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) faulting the N145 petrol price cap has stirred a new wave of controversy among stakeholders and Nigerians in general. The NNPC GMDs forum, a body comprising former GMDs of NNPC and the incumbent NNPC GMD, Dr. Maikanti Baru, had last week, expressed reservation over the … Read More
Hike in PMS Price Is Inevitable, Says IPMAN
The speculation about possible increase in price of Premium Motor Spirit, PMS, otherwise known as petrol, may hold some substance as the Independent Petroleum Marketers Association of Nigeria, IPMAN, yesterday warned of threat to product availability in the country. This came as expert blamed marketers of insensitivity to price moderation when government placed a cap on petrol price in May. … Read More
PPPRA, Major Marketers Insist Current Price Band is Appropriate
The Petroleum Products Pricing Regulatory Agency (PPPRA) and key oil marketers in Nigeria’s downstream petroleum sector have said that the current fundamentals guiding the importation and sale of petrol in the country were still favourable for petrol to be sold within the government approved pump prices of N135 to N145 per litre. The PPPRA and marketers, which include the Nigerian … Read More
Petrol Price Hike on Hold, Buhari Meets Kachikwu, Baru
Nigerians may heave a sigh of relief as the federal government said monday that an increase in the price of petrol was not yet on the card in spite of the clamour for a hike by marketers of the product. Relief came the way of Nigerians through separate statements by the Minister of State for Petroleum, Dr. Ibe Kachikwu, and … Read More
Increase PMS Pump Price – Ex-NNPC GMDs
Former Group Managing Directors, GMDs, of the Nigerian National Petroleum Corporation, NNPC, weekend, called for an upward review of the price of Premium Motor Spirit, PMS, also known as petrol, stating that the present price cap of N145 per litre is not in line with current economic realities. According to a statement by the NNPC, the former GMDs stated this … Read More
A Nigerian Develops App to Stop Manipulation of Fuel Pumps
JohnPaul Attueyi is the founder of Fuel Padi, a mobile application that enables people to find the cheapest fuel in their vicinity. It alsohelps to fight fuel pump manipulation at the filling stations in Nigeria. He spoke with Roseline Okere on how to curb manipulation of dispensing pumps at filling stations. Excerpts. Since the partial deregulation of the price … Read More
Forex – Foreign Suppliers Cut Fuel Shipment to Nigeria Over $985m Debt
An acute shortage of foreign currencies across the country may have forced some overseas supplier of Premium Motor Spirit (PMS) popularly called petrol to suspend further supply of the commodity to Nigeria, over a $985 million debt overhang, Daily Sun findings has revealed. Their decision to cut supplies to its Nigerian customers may not be unconnected with the inability of … Read More