The Executive Secretary of PPPRA, Abdulkadir Saidu, gave the assurance on Tuesday.
SEATTLE (Oil Monster): The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that the federal government has no plan to increase the pump price of premium motor spirit (PMS) also known as petrol.
The Executive Secretary of PPPRA, Abdulkadir Saidu, gave the assurance on Tuesday.
He further pleaded with Nigerians to disregard speculations that there would be an increase from the current price of N145 per litre.
Saidu also urged marketers to avoid distorting the pump price of petrol in their various retail outlets, adding that the PPPRA will keep monitoring prices in depots and filling stations across the country.
According to him, the agency will ensure strict adherence to the regulated pump price in order to curb “sharp practices” engaged in some retail outlets.
The PPPRA executive secretary said any marketer who fails to comply with the directive would be “sanctioned adequately”.
While commending petroleum product marketers for entering into dialogue with the federal government to resolve the issue of outstanding fuel subsidy arrears, he appealed that both parties reach a compromise on the matter.
The Executive Secretary also cautioned consumers against panic buying, while restating the PPPRA’s commitment to “service delivery and uninterrupted petroleum product supply and distribution” in the festive period and the months to come.
Courtesy: www.360nobs.com
United States Crude Oil Prices | |||
---|---|---|---|
COMMODITY | PRICE | CHANGE | |
Alabama Heavy Asphaltic Sour | 66.42 | +0.19 | |
Alabama Light Sour | 73.80 | +0.21 | |
Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
Alabama Light Sweet | 78.80 | +0.21 | |
Alabama/ Florida Panhandle | 77.12 | +0.30 |
Plastic Keychain Magnet
Keychain Magnets as gift items to promote your Scrap Metal Recycling business!. Letters and numbers can be imprinted. Available Colors: Red, Blue and Green
$2.59
Scrap Metal Test Magnet 10 lb N52 Neodymium Rare Earth
Retrieval and Metal Testing Magnet. Contains The Most Powerful Grade of Neodymium Rare Earth Magnet (N52). Case Material: Aluminum
$9.99