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Tag: PMS

PPPRA dumps price-fixing model for PMS

…To develop Code of Conduct for operators in new pricing regime The Petroleum Products Pricing Regulatory Agency (PPPRA) says...

“Discordant tunes distort PPPRA’s PMS pricing regime”- Expert

The euphoria surrounding low pump prices of petroleum products in Nigeria may prove to be short-lived as a result of uncertainties surrounding...

Petrol may sell for NGN117 as PPMC slashes ex-depot price

…Petrol to sell at N117 per litre…As FG dallies on total deregualtion The world's cheapest petrol is about to...

DPR pegs Nigeria’s PMS consumption at 38 million litres/day

...Advocates CNG as alternative fuel The Department of Petroleum Resources (DPR), the supervisory body for the country’s petroleum industry...

Fuel subsidy: Tough choices ahead for Nigeria

Nigeria is trying to shed costly petrol subsidies and enable private companies to import for the first time in years as its...

Nigeria: World’s cheapest petrol gets even cheaper

...As FG reduces PMS pump price to NGN125/litre Nigeria’s petrol prices are among the world’s cheapest and they are about...

“PMS landing cost drops as oil prices recede”- PPPRA

The sharp drop in the price of crude oil appears to have temporarily halted the federal government's expenditure on petrol subsidy, records...
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“Brace for higher fuel prices”, Minister tells Nigerians

…”We never promised permanent low fuel prices”- Sylva …To launch auto-gas scheme as alternative fuel Minister...

NNPC records 19% increase in gas supply to power sector

The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas...

Explosion rocks NPDC’s Benin River Valve Station

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum...

DPR records over 600 bids for 57 Marginal oilfields

The Department of Petroleum Resources (DPR) says over 600 companies have applied to be pre-qualified for the ongoing bid rounds of 57...