NO PLAN TO RAISE PETROL PUMP PRICE BY N5, SAYS PPPRA

June 7, 2017 AdminLeave a comment

The Petroleum Products Pricing Regulatory Agency (PPPRA), on Tuesday said it has no plan to increase the pump price of petrol in the country by N5 per litre, stating that the news that it had such plan were untrue.

In a statement signed by its Executive Secretary, Abdukadir Saidu, in Abuja, the agency confirmed that the approved pump price of petrol across the country was still N145 per litre, and urged the public to ignore speculations it had approved a new price.

“The Petroleum Products Pricing Regulatory Agency (PPPRA) has observed the growing speculation on a purported imminent increase in the pump price of Premium Motor Spirit (PMS) by N5.00 per litre.

“The agency hereby wishes to dispel this rumour and assuage the concerns of Nigerians,” said the statement.

It added, “As the agency of government saddled with the responsibility of regulating petroleum products pricing, supply and distribution, we want to assure the Nigerian public that the subsisting pump price cap for Premium Motor Spirit (PMS) remains N145 per litre, across the country and as such, Nigerians should please ignore the speculation on price increase.

“We again wish to assure all Nigerians that pursuant to its mandate, the PPPRA shall not fail in its efforts geared towards ensuring products availability, and at regulated price, for the benefit of all.”

Source: Thisdaylive.com

More from my site

Comments

comments

Leave a Reply Cancel reply

LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS

As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles.
A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
AUTO POLICY CAUSING HIGH MARITIME JOB LOSSES – EXPERT

In a letter to President Muhammadu Buhari, a member of the Presidential Taskforce on Customs Reform, Mr. Lucky Amiwero, has called on the Federal Government to review the policy, due to its negative impact on the economy.
He said, “The impact associated with the implementation of the auto policy is as follows: the diversion of cars carrying vessel to neighbouring West African ports as a result of high tariff on imported vehicles; and the reduction of the maritime workforce by 70 per cent, which affects mostly licensed customs agents, importers, dealers and Nigerians abroad.”
UNDERSTANDING THE HISSING & SQUEAKY SOUND FROM TRUCKS

Ever wondered why trucks and buses make funny squeaking and hissing sounds? Well, the squeaking is the air escaping after braking and the hissing sound is the automatic bypass safety valves at work, ensuring the air pressure remains at the correct level.
Since a main advantage of air-brakes systems is their ability to use air to operate, the compressor is constantly kicking on and kicking off to refill the reservoirs with pressurized air. When the compressor builds too much air, the valves open, producing that loud hiss which probably gets some of us wondering…What the heck is leaking..lol!
SAFETY TIPS! COPING WITH POTHOLES

Hitting potholes can throw your vehicle\'s front end out of alignment. If you feel your car \"pulling\" during driving, that\'s a clue that you could have a problem.

Check the tread on your tyres. Uneven tread wear can be a sign of misalignment. If you hit a severe pothole, have the vehicle\'s alignment and tyre balance checked.

When you hit a pothole you can damage your tyre and/or the metal wheel of your vehicle. Keeping your tyres properly inflated will help reduce damage from potholes and other road hazards.

The impact of potholes on tyres increases dramatically with speed and can cause hidden, internal damage that could lead to tyre failure weeks, or even months, later. It\'s best to avoid potholes entirely, but if that\'s not possible, don\'t brake during the pothole impact. Instead, apply brakes before hitting a pothole and release them just before impact. Braking during the impact sets up the tyre and wheel assembly for a \"solid hit\" against the edge of the hole. Less severe damage occurs when a tyre is rolling than when it is skidding over a hole during braking.