PMS: Why implementation of 20% hike in freight cost is delayed ― PEF
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By Obas Esiedesa, Abuja
The Executive Secretary of the Petroleum Equalisation Fund, Ahmed Bobboi has blamed ongoing negotiation between the Federal and Government and Labour Unions for the delay in the implementation of a 20 per cent rise in the cost of transporting premium motor spirit, petrol, in pricing template.
Bobboi in February disclosed that the government has approved the increase in bridging cost for petrol from N7.51 to N9.11 in the petrol pricing template of the Petroleum Products Pricing Regulatory Agency, PPPRA.
Last month the Petroleum Tanker Drivers, PTD, had embarked on strike over poor remuneration due to failure by their employers, the Nigerian Association of Road Transport Owners, NARTO, to increase their wages.
Group Managing Director of SEEPCO, Mr Tony-Chukwueke with Group Managing Director of NNPC, Mallam Mele Kyari at signing of OML 143 Gas Development Deal
The Nigerian National Petroleum Corporation (NNPC) began its week with the task of normalising the supply of Premium Motor Spirit (PMS) at different filling stations in the country especially the FCT following the strike embarked upon by Petroleum Tanker Drivers (PTD) over remuneration.
The normalisation started with the corporation increasing the daily supply of petrol across the country from 550 trucks to 1,661 trucks to combat the buildup of fuel queues in some parts of the country.
It would be recalled that the intervention of Malam Mele Kyari, NNPC Group Managing Director, led to the suspension of the strike by the PTD for one week.
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Olalekan Adetayo, ’Femi Asu and Okechukwu Nnodim
Published 12:25 am
Published 12:25 am
The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar.
The Petroleum Products Pricing Regulatory Agency had in March released a pricing template that indicated the guiding prices for the month.
The template, which showed that petrol pump price was expected to range from N209.61 to N212.61 per litre, was greeted with widespread public outcry and was later deleted by the agency from its website.
Residents of Abuja, Nasarawa, Kano state, among others said they have battled with petrol scarcity on Tuesday as scores of fuel stations shut down operations. The Nigerian National Petroleum Corporation (NNPC) had said on Monday that it had intervened in a dispute between the Nigerian Association of Road Transport Owners (NARTO) and Petroleum Tanker Drivers […]
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NNPC increases daily Petrol Truck from 550 to 1,661 to eliminate queues
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By Udeme Akpan
THE Nigerian National Petroleum Corporation, NNPC, Tuesday, increased the daily loading of Premium Motor Spirit, PMS across the country from 550 to 1,661 trucks in order to eliminate long queues in Abuja and other parts of Nigeria.
A statement by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Musa Lawan, as stating that there are about two billion litres of PMS in strategic depots across the country to keep the nation well supplied for two months if no drop of fuel was imported in that period.