Premium Motor Spirit

Petrol Scarcity And The Depravity Of Nigerian Leaders

January 30, 2023 4:25 am

It beggars belief how an oil-producing country like Nigeria has been enmeshed in a fuel crisis that has now spanned four months. It has been four months of pain, weeping, and gnashing of teeth for Nigerians who count for nothing in the minds of their leaders from every indication.

Africa’s most populous country and one of the largest producers of crude oil has been grappling with an economy-shattering scarcity of Premium Motor Spirit otherwise referred to as ‘PMS’ since the last quarter of 2022. Nigerians have simply lost count of the number of excuses that have been provided by different …

Fuel Scarcity: FG Breaks Silence On Alleged Subsidy Removal

August 2, 2022 7:16 am

The Federal Government of Nigeria on Tuesday revealed it has not removed subsidies on the Premium Motor Spirit (PMS), otherwise known as petrol stressing that it is the marketers that are responsible for the hike.

Timipre Sylva, the Minister of State for Petroleum Resources, gave this clarification while speaking with newsmen in Abuja.

Sylva spoke on the sidelines of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stakeholders’ consultation forum on regulations.

The minister was reacting to the increase in pump price of petroleum by marketers from N165 per litre to N169, N184 and N218 per litre, depending on …

ASUU Berates FG Over New Fuel Pump Price, Electricity Tariff

September 6, 2020 1:47 pm

The Academic Staff Union of Universities, ASUU, has flayed the Federal Government over the recent increase in the pump price of Premium Motor Spirit, PMS, otherwise known as petrol as well as the electricity tariff.

The Akure zone of ASUU, which frowned over the development after its zonal meeting at the Federal University of Technology, Akure, FUTA, also condemned the proposed plans to re-open schools.

According to the Union during a press briefing over the weekend, the Nigeria Labour Congress, NLC has not been forthcoming over the anti-masses policies of the federal government.

Read Also: ASUU: Our Public Universities Are

…

Nigerian Labour Congress Rejects Petrol Price Increment

July 2, 2020 12:45 pm

The Nigerian Labour Congress (NLC) has condemned, and rejected the increase in the pump price of petrol, otherwise known as premium motor spirit (PMS).

The rejection notice was contained in a statement made available to NAN on Thursday, in Abuja signed by President of the NLC, Comrade Ayuba Wabba.

NAN had reported that the federal government through the Petroleum Products Pricing Regulatory Agency (PPPRA), on Wednesday announced a new retail price band for oil marketers across the country.

In a circular dated July 1st, obtained by NAN, the downstream regulator said oil marketers are now expected to sell petrol within …

Why We Can’t Sell PMS Below ₦125 – IPMAN

April 3, 2020 4:57 pm

Independent Petroleum Marketers Association of Nigeria (IPMAN), on Friday, explained why its members would not sell the Premium Motor Spirit (PMS) below ₦125 per litre.

DAILY POST reports that the Federal Government of Nigeria had recently reduced the pump price of petrol from ₦125 to ₦123.50k.

It was, however, gathered that many petroleum stations had vowed not to lower the price from the current N125.

Read Also: How Natural Gas Can Fuel Nigeria’s Industrial Revolution

Secretary of IPMAN Ibadan branch, Alhaji Ismail Abdul-Majeed in a circular to members of the association, asked members to freely choose between the two

…