PPPRA @PPPRAtweets

PRESS RELEASE ON PMS GUIDING PRICE

PRESS RELEASE

The attention of the Petroleum Products Pricing Regulatory Agency (PPPRA) has been drawn to speculations about the increased pump price of PMS.

The PPPRA by this release wishes to state clearly that the Guiding Prices posted on our website was only indicative of current market trends and do not translate to any increase in pump price of PMS. However, publications by the media to this effect have been misconstrued and thus misleading.

The Agency wishes to remind the general public of the introduction of the Market-Based Pricing Regime for PMS Regulation 2020 as gazetted by the Federal Government. Based on this regulation, prices are expected to be determined by market realities in line with the dictates of market forces.

One of the conditions for the implementation of the Market-Based Pricing Regime for PMS Regulation 2020 is the monthly release of Guiding Price to reflect current market fundamentals.

The PPPRA in line with its mandate to maintain constant surveillance over all key indices relevant to pricing policy, monitors market trends on a daily basis to determine Guiding Prices.
The Agency is not unaware of the challenges with the supply of PMS due to some concerns leading NNPC to be the sole importer of PMS. PPPRA is also mindful of the current discussion going on between the government and the Organised Labour on the deregulation policy. While consultation with relevant stakeholders is ongoing, PPPRA does not fix or announce prices and therefore there is no price increase. The current PMS price is being maintained while consultations are being concluded.

Even though market fundamentals for PMS in the past few months indicated upward price trends, the pump price has remained the same and we are currently monitoring the situation across retail outlets nationwide.

While assuring the public of adequate products supply as the average PMS Day-Sufficiency as of March 11, 2021 is over 35 days, the PPPRA pledges to continue to perform its statutory function in ensuring that the downstream sector remains vibrant as well as support both government and members of the public.

Signed
Abdulkadir Saidu Executive Secretary 12/03/2021

https://twitter.com/PPPRAtweets/status/1370357686114660356?s=19

Na dem sabi......

Meanwhile, some people be running to the filling station to join queue just because they want to buy fuel at 163 before the price jump to 212 tomorrow as if the fuel they buy at 163 will never get exhausted again....

Instead of come out enmasse to protest the hike in price, they only comw out enmasse to join queue to quickly buy at 163. Na waoo...

Talk, deny then come back and actualise it... mtchew

Hmmmm

Damnnn niggarrrr
Isoright .....

GOFRONT:
Na dem sabi......
Meanwhile, some people be running to the filling station to join queue just because they want to buy fuel at 163 before the price jump to 212 tomorrow as if the fuel they buy at 163 will never get exhausted again....
Instead of come out enmasse to protest the hike in price, they only comw out enmasse to join queue to quickly buy at 163. Na waoo...

Nor mind them.....some of them want also buy to make gains or rather resell and make easy money...
The criminality in every Nigerians can not be over emphasized..
That is why I keep on saying it we are not actually angry about corruption...we are only angry because we are not the ones carrying out the corruption
Soon I will write a book titled "the criminality in every human "

SmartPolician:

You sef wan write book?!
Wonders shall never cease!

Yeah. To you am nothing but a weed smoker, a pussy banger, a drunkard and a bomber...
But let me tell you a secret...am also a knowledge seeker

Ok

Noted

K

Abdukadir Saidu .No wonder tin are upside down

PPRA, NNPC, BUHARI, SENATORS, REPS, LABOUR ARE ALL MAD

Which one is guiding price biko?

We've been buying fuel at the rate of 180 naira/litre here in Isanlu, Kogi State since last week.

If there is a way we can protest this injustice being meted to us by the federal government aside from social media rant is what we should be discussing now, because, as it stands now, they'll hike the price to what we've been reading since morning.
I think this is just a ploy to make us calm

If una like dey abuja/lagos dey write scripts here I am all fuel station is under lock ..

As long as the zombies are buying fuel for #100 I am very happy and contented.

God help Nigeria

This government is the most useless in the history of Nigeria; always taking actions before thinking tru it's consequences.

Lori iro'.

Increase in international oil price that should be a blessing to oil producing countries is being turned by some greedy folks in authorities into hardship. 

Since the price has increased internationally, instead of devising a means to cushion effect of the increased landing cost, the masses will rather bear that cost while few of you enjoy the windfall.

Where are we heading to in this country?
May be the guy down here will answer me.

denvers:
Where are we heading to in this country?
May be the guy down here will answer me.

Ans fire

Jargons

With full deregulation and removal of subsidy, pump price is bound to go up and down as oil prices change in the international market.

GOFRONT:
Na dem sabi......

Meanwhile, some people be running to the filling station to join queue just because they want to buy fuel at 163 before the price jump to 212 tomorrow as if the fuel they buy at 163 will never get exhausted again....

Instead of come out enmasse to protest the hike in price, they only comw out enmasse to join queue to quickly buy at 163. Na waoo...

Nigeria has d highest number of stupid people. Dats y d country no fit better. Politicians just dey catch cruise. Dey know d people will stupidly adapt to any shit thrown at dem

Bulls in a China shop. #Fools!

Scam of the century

Lets be truthful to ourself ....all the money looted what exactly are they using it for? I'm not talking about the ones recovered because i know it will be relooted���




I offer usa, canada, uk and austraila number for whatsapp verification and other online stuffs

Nairaland paid zombies how market?

Rubbish country