Skip to main content

NNPC gets 41% allocation for supply of PMS- PPPRA




 The Petroleum Products Pricing Regulatory Agency (PPPRA) said the Nigeria NNPC would have 41.73 per cent allocation for supply of Premium Motor Spirit in the second quarter. This is contained in a statement signed by Lanre Oladele, Head, Corporate Services, on Sunday in Abuja.
” The NNPC has 41.73 per cent of the total allocation, while the rest of the oil Marketing Companies got a total allocation of 58.27 per cent. According to the statement, the Acting Executive Secretary of PPPRA, Mrs. Sotonye Iyoyo, says the agency will retain the retail prices of N86.00 for the NNPC, and N86.50 for the other Marketing companies. It added that the pump price of Household Kerosene (HHK) would also remain unchanged from what it was in the last quarter. “Therefore, marketers are advised to ensure that there is no price distortion in their respective retail outlets.” It further added that PPPRA would continue to monitor the global oil market performances and make reasonable changes consistent with the newly-adopted price modulation principles. It appealed to depot owners to strictly adhere to the prevailing truck-out policy made by the agency, to ensure that petroleum products got to their designated retail outlets nationwide. It warned that adequate sanctions awaited any depot-owner found to be hoarding products. On the news making the rounds that the agency was planning to increase the pump-price, it urged members of the public to ignore such rumour, as prevailing market indicators did not support such. “PPPRA is resolutely committed to the sustenance of its reform initiatives, in order to further guarantee adequate supply of products nationwide. “We therefore assure Nigerians of our total commitment to service delivery, in the quest to deliver on our mandate to the people of Nigeria,” the statement said. It urged motorists to desist from panic-buying, as PPPRA was working hard with other sister-organisations to ensure that the current supply and distribution challenges were resolved within the coming days.

Comments

Post a Comment

Popular posts from this blog

72-year-old woman gives birth to her first child

It said Daljinder Kaur gave birth to a baby boy at a fertility clinic in the northern Indian state of Haryana, following two years of in vitro fertilisation (IVF) treatment. The report noted that though Kaur doesn’t possess any official paper to justify her age, but doctors at the hospital have registered her age as 72 years. It noted that if Kaur’s age is correct, that makes her one of the world’s oldest woman to become mother. 
Post a Comment
Read more

15 QUESTIONS TO DISCOVER YOUR PURPOSE PT. 1

I believe that we were all sent here for a reason and that we all have significance in the world. I genuinely feel that we are all blessed with unique gifts. The expression of our gifts contributes to a cause greater than us.
Post a Comment
Read more

Musa Gowon: Son of former ruler Yakubu Gowon to return to Nigeria after 22 years in US prison

The son of former Nigerian military head of state Yakubu Gowon is due to return to Nigeria after spending 22 years in a US prison after being convicted on drug-related charges. It is believed Musa Gowon was released from the Taft Correctional Facility Bakersfield, California, after US President Barack Obama granted him pardon earlier in November.
Post a Comment
Read more