PPPRA Archives | Ibe Kachikwu

21st January 2021

Consumption of LPG in Nigeria Reached One Million MT in 2020 – PPPRA

Nigeria's Petroleum Products Pricing Regulatory Authority (PPPRA), on Tuesday, 19th January 2020, announced that the consumption of Liquefied Petroleum Gas in the country exceeded one million metric tonnes (MT) in 2020....

8th January 2021

Nigeria to Sanction Fuel Marketers who do not Adhere to PPPRA Regulations

Nigeria's Petroleum Products Pricing Regulatory Agency (PPPRA), has cautioned oil marketers and operators in the downstream sector against non-compliance with the terms of the Petroleum Products Commercial Framework Regulations. The PPPRA...

28th September 2020

NIGERIA: PIB will Commercialise NNPC not Scrap the Oil Company

Contrary to reports concerning the provisions of the Bill sent to the National Assembly by the President of Nigeria, the Minister of State for Petroleum Resources, Timipre Sylva, has dismissed...

28th September 2020

President Buhari Sends PIB to Nigeria’s National Assembly

President Muhammadu Buhari has reportedly sent the Petroleum Industry Bill 2020 to the National Assembly for it to be reviewed and passed. The much-awaited bill has been in the works...

4th September 2020

Rwanda, Nigeria Increase Retail Price of Fuel

Rwanda Utility Regulatory Authority (RURA) has announced new pump prices for petrol and diesel for the first time in 2020, effective Thursday, September 3rd 2020. This is the first time...

14th July 2020

Nigeria: FG Encouraged to Completely Halt Fuel Subsidy

The latest figures released in the Monthly Financial and Operations March 2020 report shows fuel subsidy cost the nation 101.6 billion Naira from January - March 2020. The country spent...

2nd July 2020

Nigeria: DPR Announces Change in Marginal Field allocation, PPPRA Announces New Fuel Price for July

Nigeria's Department of Petroleum Resources has announced a change in the manner that marginal oilfields will be allocated, to avoid a reoccurrence of legal problems that arose in a previous bidding round....

10th June 2020

Marketers do not Have the Power to Fix Prices at their Discretion – PPPRA

Nigeria’s Petroleum Product Pricing Regulations Agency (PPPRA) has clarified the meaning of its market-based pricing regime regulations on Premium Motor Spirit (PMS), after some reports misinterpreted the initially released statement....

5th June 2020

Nigeria’s Petroleum Price Now Determined by Market Forces

The Petroleum Products Pricing Regulatory Agency (PPPRA) of Nigeria has removed the cap on the price of petrol in the county. A signed document by the Executive Secretary of the...