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Gas Matters

Nigerian Gas Master Plan
Evolution Of Gas Infrastructure in Nigeria
Implementation of the Gas Pricing Framework
Proposed LPG Pricing Template
 

Gas News

 

FG, ExxonMobil consider gas to petrol plant
Gas to Liquids project to take-off this month –ExxonMobil
NGC's 221 Percent Increase
NNPC: No Record of Gas Sold By NLNG
Senate Plans Review of Benefits Granted Bonny LNG
Shell To Supply Gas To NIPPs
Gas Development
G5 To Build Nigerian Power Plant
Shell To Increase Gas Supply To 350m Standard Cubic Ft
Gaslink To Commence Gas Supply To Lagos Firms
Government Targets N1
Nigeria To earn $22b From

Why Domestic Gas Market Remains Less Attractive
Delta To Invest N468bn To Generate 2500mw off National Grid
Exploring Economic Growth Trend of Nigeria
Nigerian Gas Company gets community support against pipeline destruction
Playing hide and seek with gas flaring deadline

Revamping LPG Utilisation in Nigeria
Presentation on Downstream Ministerial- Initiatives-MM Ibrahim
Gas News Review-Jan 2010-Till Date


 
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Petroleum Products Pricing Regulatory Agency (PPPRA)

The Government on 14th August 2000 set up a 34 member Special Committee on the review of Petroleum Products Supply and Distribution (SCRPPSD) drawn from various Stakeholders and other interest groups to look into the problems of the downstream petroleum sector.

Prior to the setting up of the Committee, the downstream sector was characterized by the following problems:

  • Scarcity of petroleum products leading to long queues at the service stations
  • Low capacity utilization and refining activities at the nation's refineries (poor state of the refineries)
  • Rampant fire accidents as a result of mishandling of products- products adulteration
  • Pipelines vandalisation
  • Large scale smuggling due to unfavourable economic products borders' prices with the neighbouring countries
  • Low investment opportunities in the sector.

In October 2000, the Committee submitted its reports and the Government meticulously studied the recommendations and made its views as published in the Government white paper.

more ...

Mission

To reposition Nigeria's downstream sub-sector for improved efficiency and transparency.



Vision


To attain a strong, vibrant downstream sub-sector of the petroleum industry, where refining, supply, and distribution of petroleum products are self-financing and self-sustaining.




Goals and Objectives
 


Functions

  • To determine the pricing policy of petroleum products;
  • To regulate the supply and distribution of petroleum products;
  • To create an information databank through liaison with all relevant agencies to facilitate the making of informed and realistic decisions on pricing policies;
  • To oversee the implementation of the relevant recommendations and programmes of the Federal Government as contained in the White Paper on the Report of the Special Committee on the Review of the Petroleum Products Supply and Distribution, taking cognizance of the phasing of specific proposals;
  • To moderate volatility in petroleum products prices, while ensuring reasonable returns to operators.
  • To establish parameters and codes of conduct for all operators in the downstream petroleum sector;

more ...




 

 



 

 

Approved prices as at 3rd April, 2014
PMS (Naira/Litre)
Expected Open Market Price (EOMP) 146.81
Landing Cost 131.32
Ex-Depot Price 87.66
Regulated Price (RP) 97.00
Subsidy (EOMP - RP) 49.81

  
See details for daily Pricing Template ...
 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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