BREAKING: Fuel Price hits N212.61 per litre

Must read

Nigeria In Dire Need Of Leadership To Avert Looming Disaster – PDP Governors

Nigeria is in dire need of leadership at the Federal level to avert an impending disaster, the governors of the Peoples Democratic...

Sacking workers has become APC, El-rufai Govt policy – Sarkin Bai Zazzau

..Say's people's businesses also destroyed frightens By Gabriel Udeh, Kaduna Sacking and...

Bayelsa: Contractors urged to execute projects to specifications

By Amgbare Ekaunkumo, Yenagoa The chairman of the directorate for project monitoring and evaluation, Mr....

Muslim College of Health Science distributes laptop to students in Kaduna

By Gabriel Udeh, Kaduna Muslim Community College of Health Science and Technology Funtua, Katsina State, has given out Laptop...

The pump price of the Premium Motor Spirit (PMS), according to the Petroleum Products Pricing Regulatory Agency (PPPRA) in its March template, is N212.6 per litre.

This is an indication of a subsidy of N50.61 per litre since the only importer of the product- the Pipelines Products Marketing Company (PPMC) has not notified marketers on upward review of the pump price.

The PPPRA has said in a deregulated market, it is only the marketers that peg their product price.

But the Federal Government has insisted through the Nigerian National Petroleum Corporation (NNPC) that there will be no petrol price hike in March.

According to the template, expected ex-depot price is N206.42 while the landing cost is N189.61 for the month of March, 2021.

READ  Nigeria, India sign MoU for establishment of Sugar Institute

Meanwhile, The Nation learnt from the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday morning that the government was yet to notify them on any price hike via their usual memo.

Speaking with The Nation on phone, the IPMAN National Vice President Alhaji Abubakar Maigandi, said: “I was in a NEC meeting with the NNPC and state Governor’s yesterday (Thursday) they only complained of the soaring prices of crude oil. They have not asked us to increase pump price”.

READ  COVID-19: NNPC, partners donate Ambulances to S/West govs

More articles

Latest article

Nigeria In Dire Need Of Leadership To Avert Looming Disaster – PDP Governors

Nigeria is in dire need of leadership at the Federal level to avert an impending disaster, the governors of the Peoples Democratic...

Sacking workers has become APC, El-rufai Govt policy – Sarkin Bai Zazzau

..Say's people's businesses also destroyed frightens By Gabriel Udeh, Kaduna Sacking and...

Bayelsa: Contractors urged to execute projects to specifications

By Amgbare Ekaunkumo, Yenagoa The chairman of the directorate for project monitoring and evaluation, Mr....

Muslim College of Health Science distributes laptop to students in Kaduna

By Gabriel Udeh, Kaduna Muslim Community College of Health Science and Technology Funtua, Katsina State, has given out Laptop...

Again, Gov Sule committed to prioritise better life for PLWDs

Abel Leonard / Lafia Gov Abdullahi Sule of Nasarawa has reiterated his commitment to continuous prioritisation of...