Premium Motor Spirit
The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday. Sylva’s remarks came as oil marketers stated that the supply hitches […]
The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit, known as petrol, available for Nigerians. This was disclosed on Thursday by Peter Afunanya, the Spokesman for DSS, while briefing journalists at its office in Abuja after […]
The Nigerian National Petroleum Company Limited, says it has two billion litres of Premium Motor Spirit, PMS, in stock. This is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. Adetunji said the stock of over two billion litres is equivalent to over 30 days of sufficiency. […]
The Federal Government has officially confirmed the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, fixed the pump price of Premium Motor Spirit, PMS, also known as petrol, at N212.61 per litre, for the month of March. The new price, according to the PPPRA’s PMS guiding price, released to […]
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