PPPRA – InfoStride News

PPPRA: PIA does not mean increase in petrol price

Temitope Nlewemchi — Mon, 23 Aug 2021 22:38:21 +0000

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the implementation of Petroleum Industry Act (PIA) does not mean automatic increase in the pump price of petrol in the country. The Executive Secretary of the Agency, Mr Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday. “There is no gainsaying that the PIA signals [...]

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Minister tasks PPPRA board on deregulation, autogas policy

Temitope Nlewemchi — Thu, 08 Jul 2021 06:53:04 +0000

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has tasked the board of the Petroleum Products Pricing Regulatory Agency (PPPRA) on enforcement of deregulation when the Petroleum Industry Bill (PIB) becomes law. Sylva gave the charge while inuagurating the Board Chairman of the Agency, Mr Obinna Atuonwu, in Abuja, on Wednesday. “You were [...]

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President Buhari appoints PPPRA board chairman, chief

Temitope Nlewemchi — Sun, 27 Jun 2021 22:45:56 +0000

President Muhammadu Buhari, at the weekend, approved the appointment of a Chairman, and an Executive Secretary/Chief Executive Officer for the Petroleum Product Pricing Regulatory Agency (PPPRA). The Board Chairman is Mr Atuonwo A. Obinna, while the Executive Secretary and CEO is Mr Abdulkadir Saidu, whose appointment was renewed for another four years. According to [...]

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Most FCT Filling Stations Comply With FG Directives Over New PMS Pump Price

Kunle Atiba — Sat, 02 Jan 2016 09:50:19 +0000

Sequel to the Federal Government’s directive to sell petrol at N86/litre for NNPC retail stations and N86.50k for other marketers, most petrol stations in the Federal Capital Territory (FCT) had already complied. Our correspondent who went round the town reports that all the stations visited had enough products, as well as standby trucks loaded with the petrol. [...]

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Federal Government Slashes Import Licenses To Oil Marketers From 43 To 29

Ade Adewale — Wed, 15 Jul 2015 11:46:43 +0000

The Federal Government has issued licenses to import refined petroleum products to 29 major oil marketers in a bid to end the fuel scarcity being witnessed across the country. The third quarter approval for import allocations to the 29 marketers signaled a significant reduction in the number of marketers previously issued with such allocations. Previously, [...]

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Naira Devaluation Is Responsible For Fuel Scarcity Not APC – PPPRA

Wale Adebayo — Wed, 04 Mar 2015 17:15:40 +0000

The Executive Secretary of Petroleum Product Pricing and Regulatory Authority, PPPRA, Senator Farouk Ahmed, said on Tuesday that the fuel scarcity currently being witnessed in some parts of the country was caused by the two rounds of devaluation carried out by the Central Bank of Nigeria between November last year and February 2015. Speaking when [...]

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Petrol Scarcity Beckons Over Unpaid Subsidy To Oil Marketers

David Folami — Tue, 28 Jan 2014 10:22:57 +0000

Oil marketers, yesterday, warned of an impending scarcity of fuel in the country from Friday, as Major Oil Marketers Association of Nigeria, MOMAN, said their stock was fast depleting. . This followed the failure of the Federal Government to settle them their outstanding subsidy claims, totaling about N120 billion for the third and fourth quarters [...]

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