Petrol Landing Cost Now N264.65/litre     The landing cost of the Premium Motor Spirit (PMS) petrol is now N264.65 per litre, The Nation learnt yesterday. According to a source in the Petroleum Products Pricing Regulatory Agency (PPPRA), there exists a difference between the agency’s cost and that...

1.74 Billion Litres Of PMS Was Supplied Nationwide In August - PPPRA         The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in the month of August indicates that about 1,735,624,740 litres of Premium Motor Spirit (PMS) was distributed nationwide. This resulted in...

Firms Imported Gas From US, Algeria In August – PPPRA             Of the 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August, 38,040.46MT were imported. The Petroleum Products Pricing Regulatory Agency stated in a statement made available to our correspondent on Thursday. The statement...

PPPRA Says Fuel Price Remains Until FG, Labour End Negotiations       The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the downstream oil sector. It was, however, quick to state that the negotiations between the Federal Government...

Petrol Landing Cost Hits N249/litre       The landing cost of Premium Motor Spirit (petrol) imported into the country has increased to a new high of N249.42 per litre on the back of high global crude oil prices. The further rise in the landing cost of petrol means...

Reps Summon PPPRA Boss Over Unremitted N1.62bn IGR     The House of Representatives has summoned the Executive Secretary of Petroleum Product Pricing Regulatory Agency (PPPRA), Mr Abdulkadir Saidu, over unremitted N1.62 billion Internally Generated Revenue (IGR) to the Federation Account. The Chairman, House Committee on Finance, Rep...