Jump to content

Search the Community

Showing results for tags 'increase'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • General
    • News
    • FBT
    • Tech
    • Celebrities
    • Jobs/Vacancies
    • Romance
    • Health
    • Sports
    • Betting Tips

Calendars

  • Community Calendar

Categories

  • Articles

Categories

  • Files

Found 2 results

  1. The Minister of Information, Alhaji Lai Mohammed, on Wednesday dispelled the rumour that the pump price of Premium Motor Spirit (PMS) would be increased. He gave this explanation while addressing state house correspondents at the end of the Federal Executive Council (FEC), which was presided over by Vice President Yemi Osinbajo. He said that the Minister of Petroleum (State), Dr. Emmanuel Ibe Kachikwu, would have been at the briefing but had to go for an urgent meeting in order to resolve the petroleum scarcity in the country. “Government has no intention at all to increase the pump price of PMS; the minister has assured the council that there is enough products for the next one month even to end of January,’’ the minister stated. According to him, there is usually more demand for petrol product during the yuletide which explains the scarcity of the product during the period. Mohammed said that the council had given a marching order to the Petroleum Minister (State) that the fuel crisis in the country should not last beyond the weekend. He said that the minister had given assurance to ensure that the problem was contained. On digitization, the minister said that the migration from analogue was on course. He said that the digital switch over (DSO) platform in Ilorin would soon be inaugurated while those in Kaduna, Osogbo and Enugu were also ready for inauguration. “We hope that in the next couple of weeks we are going to inaugurate these DSOs. “The idea is that in the next few weeks we will inaugurate one DSO in one state in each of the regions of the country,” he said. Mohammed observed that there were challenges the country was working on especially the issue of set up boxes as the government was not in a position to subsidise 40 million set up boxes. “We are looking at bringing down the cost of the boxes at the same time not lowering the quality of those boxes. “I think the set up manufacturers are working very hard to bring the cost from 40 dollars to 20 dollars and we are also working with the governors and local government chairmen to see how we can collaborate. “They can buy more boxes while we use our technology to ensure efficient payment of television licenses,” the minister said.
  2. The Nigerian National Petroleum Corporation has reiterated that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming Yuletide. The corporation re-emphasised this in a statement signed by its Group General Manager Group Public Affairs Division, Mr. Ndu Ughamadu, in Abuja on Monday It said that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre had not changed It noted that the corporation had enough stock of fuel to ensure seamless supply and distribution of products across the country. It enjoined motorists and other users of petroleum products to disregard trending rumours in some online news platforms of an impending fuel price hike. The corporation in the statement added that it had the full commitment of all downstream stakeholders, including petroleum marketers and industry unions, to cooperate in achieving zero fuel scarcity this season and beyond. It further enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home. It assured that its downstream subsidiary companies, namely the Petroleum Products Marketing Company and NNPC Retail Limited were fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation

Board Life Status


Board startup date: November 26, 2017 14:51:27
×