Petrol Subsidy Gulped N8.94trn In 10 Years - PPPRA     The Federal Government spent N8.94tn on petrol subsidy between 2006 and 2015, figures released by the Petroleum Products Pricing Regulatory Agency on Monday showed. Data from the PPPRA showed that during the 10-year period, the government consistently...

PPPRA Gazettes Market-based Pricing Regime For Petrol     The Petroleum Products Pricing Regulatory Agency has gazetted a market-based pricing regime for petrol. Spokesperson of the agency, Kimchi Apollo, stated on Wednesday that with the new gazette, oil marketers were now empowered to fix petrol price in accordance...

Oil Marketers Now Free To Fix Prices - PPPRA       The Federal Government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices. On March 19, 2020, the government, through...

We Spent N5.3bn On Petrol Subsidy In June – NNPC     Latest figures from the Nigerian National Petroleum Corporation have shown that the oil firm made an under-recovery of N5.348bn in June this year. Under-recovery is the losses incurred by the oil firm due to the difference...

PENGASSAN, NUPENG Fume Over Petrol Price Hike     As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria have voiced their opposition...

Petrol: Ex-depot Price Rises By N6, Consumers To Pay More   The Petroleum Products Pricing Regulatory Agency on Tuesday increased the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020. Oil marketers stated that based on the latest increase in ex-depot price,...