x

No plan to increase petrol pump price – PPPRA

Agency Report

Executive Secretary, Petroleum Products Pricing Regulatory Agency, PPPRA, Abdulkadir Saidu, says the federal government has no plans to increases the price of Premium Motor Spirit known as petrol.

Mr. Saidu stated in a statement on Tuesday in Abuja that the retail price of petrol remained at the subsisting price cap of N145 per litre.
He urged Nigerians to ignore the growing speculation on the purported imminent increase in the pump price.

The executive secretary advised marketers to ensure that there was no price distortion in their respective retail outlets.

He added that PPPRA would continue to carry out its oversight function of monitoring exercise in depots and in all filling stations across the country.
This, he said, was to ensure adherence to the regulated price and to nip in the bud other forms of sharp practices at retail outlets.

The executive secretary further warned that adequate sanctions awaited any erring filling station.
He commended the petroleum product marketers in the country for embracing dialogue with the federal government to resolve the issues arising from payment of the outstanding fuel subsidy claims.
Mr Saidu said embarking on strike was not always the best option to address any industrial dispute, irrespective of the circumstances, adding that the multiplier effects were always too much to bear.

The executive secretary appealed to the leadership of the oil marketers’ associations to cooperate with government to find a workable solution to the issues emanating from the payment of subsidy arrears.

He noted that PPPRA would continue to support, cooperate and collaborate with marketers to ensure a conducive industrial climate where the best of the oil and gas sector could be showcased.
Mr. Saidu also assured Nigerians of PPPRA’s total commitment to service delivery and uninterrupted petroleum product supply and distribution especially during this festive period and beyond.

He appealed to motorists and other PMS consumers to desist from panic-buying, as PPPRA was working hard with other agencies of government to ensure adequate supply and distribution of petroleum products nationwide. NAN

Hot this week

Barcelona Make Early Decision on Marcus Rashford’s Future After Loan Move From Man United

Barcelona have reportedly made an early decision regarding the...

WHO Calls for Urgent Integration of Adolescent Mental Health into Health Systems

By Joyce Remi-BabayejuThe World Health Organization, WHO, has called...

Bayelsa Women Protest Against Oando Over Alleged 55 Years of Neglect

By Amgbare Ekaunkumo, YenagoaHundreds of aggrieved women from Okoroma...

Today’s football match fixtures

Here’s a clean, reader-friendly rewrite of today’s global football...

WHO Appoints Dr.Pavel Ursu As Nigeria’s Country Rep

By Joyce Remi-BabayejuThe World Health Organization , WHO,...

Council Meeting: Wike Slams Blackmailers, Says, I Remain Focused to Achieve Results

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome Wike,...

Super Eagles Draw Gabon in 2026 World Cup Play-off Semi-final

Nigeria will face Gabon in the semi-finals of the...

Dogara Hails Tinubu’s Agenda, Urges Youth Action**

Former Speaker of the House of Representatives, Rt. Hon....

Kogi Govt Partners L-PRES to Boost Livestock Productivity

By Noah Ocheni, LokojaThe Kogi State Government, in collaboration...

Oborevwori Commends NYSC Members in Delta for Resilience and Dedication

By Anne Azuka, Issele-UkuGovernor Sheriff Oborevwori of Delta State...

FUL VC Applauds Prof. Olu Obafemi for Using Literature as a Tool for Social Reform

By Noah Ocheni, LokojaThe Vice Chancellor of the Federal...

Related Articles

Popular Categories

spot_imgspot_img