Tag: PMS

Niger Govt moves to tackle arbitrary pricing, scarcity of PMS

Emporium Reporters

Niger State Governor, Alhaji Abubakar Sani Bello has directed the constitution of a Committee to monitor the artificial scarcity of Premium Motor Spirit (PMS) and its arbitrary pricing across the State. The constitution of the Committee by the Government followed the persistent fuel scarcity being witnessed in the State as a result of the arbitrary pricing and hoarding of the product. A statement issued by the Secretary to the State Government (SSG), Ahmed Ibrahim Matane revealed that the Committee is to ensure strict compliance with the approved allocation to filling…

FG removes subsidy , petrol now N125, says price will ‘reflect current realities’

Emporium Reporters

The federal government has directed the Nigerian National Petroleum Corporation (NNPC) to reduce the ex-coastal and ex-depot prices of PMS to reflect current market realities. In a statement signed by Timipre Sylva, the minister of state for petroleum resources, the federal government said Petroleum Products Pricing Regulatory Agency (PPPRA) should modulate pricing in accordance with prevailing market dynamics. TheCable had earlier reported that the federal executive council deliberated on reducing the pump price of petrol at its meeting in Aso Rock. “The drop in crude oil prices has lowered the expected open…

PMS: Enough of ‘intellectual property theft’ lies — Oyo govt …says process completed before contractor’s proposal submission

Emporium Reporters

The Media Office of the Governor of Oyo State, Engr. Seyi Makinde, has described as false, unfounded and baseless, insinuations being circulated online by someone described as a contractor who had alleged that the state committed intellectual property theft against him in respect of the newly inaugurated Park Management Systems, PMS. A statement signed by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, declared that the claim by the said contractor, Moxharley Nigeria Limited, was baseless and untrue, noted that the Oyo State Government decided to set the…