Senate Uncovers N120bn Varying Oil Subsidy Payments       The Senate Committee on Public Accounts on Wednesday uncovered a differential of N120 billion in the payment of subsidy to the Independent Petroleum Marketers Association of Nigeria (IPMAN) by the Petroleum Products Pricing Regulators (PPPRA) in 2016. The panel,...

Petrol Landing Cost Rises To N180 As Oil Price Crosses $60       The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one month to about N180 per litre on the back of the increase in global...

Fed Govt Lists Sanctions For Fuel Marketers         The Federal Government, through the Petroleum Products Pricing Regulatory Agency, has warned oil marketers and other operators in the downstream sector against non-compliance with the provisions of the Petroleum Products Commercial Framework Regulations. The PPPRA, in the regulations seen...

PPPRA Warns Petrol Marketers Against Profiteering         The Petroleum Products Pricing Regulatory Agency (PPPRA) has warned marketers of Premium Motor Spirit (PMS) and other petrol products against profiteering during the new year celebration and beyond. The Executive Secretary of the Agency, Abdulkadir Saidu, who issued the warning...

Supply Of Nigeria’s LPG Rises By 34.7% In 11 Months         The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas, has increased to 793,000 metric tonnes, MT in the first 11 months of 2020. Information available to Energy Vanguard showed that domestic supply stood...

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown. The PPMC...