The Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas to rural dwellers, the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari has said.
Kyari…
The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called cooking gas, exceeded one million metric tonnes in 2020.
The PPPRA disclosed this on…
The Minister of State, Petroleum Resources, Mr. Timipreye Sylva, has said that in order to cushion the effect of the removal of petroleum subsidy on Nigerians, the Federal Government is as fast-tracking the nationwide roll-out of cleaner…
Petroleum Products Pricing Regulatory Agency PPPRA has disclosed that the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. This was disclosed in a document on subsidy payment released in Abuja on…
The policy empowering oil marketers to fix petrol price in accordance with a market based pricing regime for petrol has been gazetted by the Petroleum Products Pricing Regulatory Agency. Then gazette was issued in March 2020, Orient Energy…
The relevance of the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund (PEF) is deemed lost in the face of full deregulation of the downstream sector of the Nigerian oil and gas industry.
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the country.
The Executive Secretary of the Agency, Saidu Abubakar, gave the…
The Federal Government on Tuesday announced that it would no longer get involved in fixing of price band for Premium Motor Spirit (PMS) popularly known as fuel.
It said that major and independent marketers are now free to fix the…
National Bureau of Statistics (NBS) has said that Nigeria spent N1.09 trillion to import Premium Motor Spirit (PMS), also known as petrol, in the first six months of 2020, indicating a difference of 42.3% when compared to N766.06 billion…
Nigeria’s Minister of State for Petroleum Resource, Timipre Sylva, has said that two regulatory bodies in the oil and gas sector, Petroleum Equalisation Fund (PEF) and the Petroleum Products Pricing Regulatory Agency (PPPRS) are merging…
...NNPC pays N5.4bn as subsidy in June
There are indications that Nigeria's petroleum pricing formula may have broken down as the Nigerian National Petroleum Corporation, (NNPC), said last Sunday it incurred N5.35 billion as under…
…to have equal access to Forex with NNPC at CBN
It has been confirmed that the sole-importer status of Nigerian National Petroleum Corporation (NNPC) of petroleum productions into Nigeria has changed again. Private oil marketers have…
