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Nigeria: Why Govt Cannot Allow Marketers Fix Petrol Prices - Sylva
Premium Times, 15 June 2020
The deregulation of the downstream of the petroleum industry presupposes the end of fuel subsidy and return to the era where retail prices of petroleum products are determined… Read more »
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Nigeria: Crisis Rocks PPPRA Over Proposal to Remove Cap On Petrol Pricing
Premium Times, 9 June 2020
A member of the Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday protested last Thursday's controversial announcement removing a cap on the pricing template for… Read more »
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Nigeria: Govt Denies Removal of Fuel Price Cap
Daily Trust, 8 June 2020
The Federal Government on Sunday denied removing fuel price cap, an action purportedly giving oil marketers the freedom to determine fuel pump price. Read more »
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Nigeria: Fuel Subsidy Regime Is Over in Nigeria - Kyari
Daily Trust, 7 April 2020
The Federal Government may have finally ended the discredited fuel subsidy regime in the nation's public finance system with the reduction of the pump price of petrol from N145 to… Read more »
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Nigeria: Fuel Subsidy Gone Forever in Nigeria - NNPC GMD
Premium Times, 7 April 2020
The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said. Read more »
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Nigeria: Oil Price Slump - Govt Not Returning Fuel Subsidy, Under Recovery - NNPC
Vanguard, 7 April 2020
There are indications that the federal government may deregulate the petroleum downstream sector as subsidy on Premium Motor Spirit, PMS known as petrol has been removed. Read more »
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Nigeria: NNPC Forecasts Lower Fuel Prices
This Day, 6 April 2020
The Nigerian National Petroleum Corporation (NNPC) Monday revealed that the payment of fuel subsidy or under-recovery by the federal government is now a thing of the past,… Read more »
Nigeria Govt Denies That Oil Marketers Can Fix Petrol Prices
The government and the Petroleum Products Pricing Regulatory Agency have confirmed that marketers have not been given the authority to fix prices of petrol as they see fit. This follows media reports stating that the government is allowing market forces to determine the pump price of petrol. There has been a sharp decline in the global price of crude oil as a result of the coronavirus pandemic, with Nigeria - for the first time since 2016 - reducing the retail price of petrol to U.S.$0.32 per litre.
InFocus
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As the newly appointed Group General Manager of the Nigerian National Petroleum Corporation, Mele Kyari, assumes office, calls for the deregulation of the country's oil industry ... Read more »
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The Senate has approved U.S.$422 million to clear fuel subsidy arrears to 67 oil marketing companies. The government has struggled for years to make timely subsidy payments to fuel ... Read more »
