Tag: Deregulation

Marketers are free to sell petrol at suitable prices, PPPRA tells Nigerians

Ishaku Yohanna

The Petroleum Products Pricing Regulatory Agency (PPPRA), the government agency that regulates petroleum products prices in the country, said in Abuja on Tuesday, that the sector is now fully deregulated as it no longer fixes fuel prices. This comes barely 24 hours after depot owners called for full deregulation of the downstream sector of the petroleum industry. On Monday, depot owners under the platform of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) urged the government to introduce full deregulation policy without delay to enhance the growth of…

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Petrol: FG officially begins full deregulation, as PPPRA jettison price bands

Ishaku Yohanna

…Says price to be determined by forces of demand and supply The Muhammadu Buhari-led Federal Government is no more going to be releasing guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations. It disclosed this in Abuja through the Petroleum Products Pricing Regulatory Agency, adding that based on this, the downstream arm of the oil and gas sector had been fully deregulated. Responding to questions from journalists during a briefing at the headquarters of PPPRA, the agency’s Executive Secretary, Abdulkadir Saidu, stated that…

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