• NNPC Assures Of Adequate Supply Of Product
• PPPRA Deletes Template Announcing N212.68 /Litre Pump Price
• Hike Can Attract Mass Protest, PDP Cautions
In what appeared to be the most uncoordinated situation by agencies under the Ministry of Petroleum Resources, headed by President Muhammadu Buhari, confusion, panic-buying and an attempt to profiteer by marketers ruled the pump price of Premium Motor Spirit (PMS), otherwise called petrol, yesterday, following a template released by the Petroleum Products Pricing Regulatory Agency (PPPRA), which increased petrol pump price to N212.68 per litre. x
Long queues, traffic jam, an increase in the cost of transportation and the immediate shutdown of most petrol stations were the result of the situation across most parts of the country. However, the Minister of State for Petroleum Resources, Timipre Sylva, Nigerian National Petroleum Corporation (NNPC) and PPPRA tried to manage the situation, in
No hike in petrol price for now – Marketers
On
Kindly Share This Story:
Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) say there is no hike in the pump price of Premium Motor Spirit (PMS) or petrol.
The groups confirmed the development in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos while reacting to reports that the price of PMS has been increased to N212.61 per litre.
Currently petrol sells at N162 and N165 per litre at most filling stations across the country.
Mr Clement Isong, the Executive Secretary, MOMAN, told NAN that the association had received communication from the Nigerian National Petroleum Corporation (NNPC) that there should be no price increment for PMS.
Breaking: PPPRA bows, deletes template announcing N212 61 petrol price increase vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
The group, MOMAN, says the concept of buying crude in Naira from the government and selling its refined products in Naira to Nigerians was an interesting one.