Tag Archives: PREMIUM MOTOR SPIRIT

ICYMI: Fuel Price In Nigeria Reduced From N168 To N162.44 Per Litre

The Federal Government has announced the reduction of the Premium Motor Spirit (PMS), popularly known as petrol from N168 to N162.44 per litre. This was disclosed by the Minister of Labour and Employment, Dr Chris Ngige, at the end of a meeting with the organised labour on Tuesday. According to the Minister, a technical committee…

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PPMC Increases Price Of Petrol From N138.62 To N151.56 Per Litre

The Petroleum Products Marketing Company (PPMC) has increased the pump price of premium motor spirit (PMS) otherwise known as petrol from N138.62 per litre to N151.56 per litre. “Please be informed that a new product price adjustment has been effected on our payment platform,” PPMC said in an internal memo signed by D.O Abalaka to industry…

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Federal Government Increases Petrol Pump Price To N143.80 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPRA) has announced a new retail price band for oil marketers. In a circular released on Wednesday July 1, from the regulatory agency, the price of Premium Motor Spirit (PMS) has been increased from N140.80 to N143.80 per litre. Sources at the Abuja headquarters of the agency said the rise in petrol price…

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Concerned NNPC Staff Reveals Ibe Kachikwu’s Memo To Buhari On Shortage Of Premium Motor Spirit

A concerned NNPC Staff reveals that There was a jettisoned memo to augment premium motor spirit (PMS) in third quarter ,2017. The statement says “Do you know that in July 2017 ,Ibe Kachikwu ,Nigeria’s Minister of State for Petroleum did a memo to President/Minister of Petroleum ,Mohammadu Buhari on anticipated shortage of premium motor spirit.…

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Subsidy Removal Will Create More Jobs, End Smuggling, Provide Revenue – Kachikwu

  The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the new pump price of N145 for Premium Motor Spirit would help to sustain supply and reduce the suffering to get the product. According to Vanguard, Kachikwu told newsmen in Abuja on Thursday that the Nigerian National Petroleum Corporation (NNPC), did not have…

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Fuel Price Remains The Same As FG Rules Out Return Of Subsidy

  Last week, we reported that there were indications from the Petroleum Products Pricing Regulatory Agency (PPPRA)that the price of Premium Motor Spirit (Petrol)might increase to N88 per litre at the Nigerian National Petroleum Corporation (NNPC) stations and N88.50 in other stations. Read here if you missed. However, according to The Guardian, the Federal Government has not increased…

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