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Fuel Hike: Template Does Not Indicate Price Increase In Fuel, PPPRA Clarifies

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The Petroleum Products Pricing Regulatory Agency, PPPRA, has declared that its publication of monthly template, does not amount to increasing the price of petroleum products, as such increase is supposed to be determined by market forces, under the current deregulation.

In a statement obtained by Vanguard Monitored by Aprokorepublic, Friday, Executive Secretary, PPPRA, Abdulkadir Saidu, stated:-

“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 an increase in the 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.”

He stated:-

“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 overall key indices relevant to pricing policy monitors market trends on a daily basis to determine Guiding Prices.

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READ ALSO:  We Have Deployed Ebubeagu, Other Security Personnel To Troubled Areas - Gov. Umahi

Ojogwu Godwin Chukwudi hailed from Delta State. A young talented personality, Alumnus of Delta State university,Abraka Studied Library and information science. He is an intellectual cyber communicator expert and a prolific blogger professional.

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Things to know about Late chad’s president Idriss Deby Itno

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After thirty years in power Chad’s president had died. He died on the battlefield after postponing his victory speech as a newly elected president to meet with his soldiers at the battlefield.

Below are things you should know about him.

• He was born on june 18, 1952

•He was a herder’s son from Zaghwa ethnic group

• He was trained as a pilot in France

•After returning to the country he waa made army chief by former president Hissene Habre

• He fled the country to Sudan after he fell out with his boss who accused him of plotting a coup

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READ ALSO:  JUST IN:NNPC Insist No Increase In Fuel Price (See Tweet)
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Sanwo-Olu honours cop assaulted by traffic violator

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Lagos state Governor Babajide Sanwo-Olu on Monday honored a policemen Asp Sunday Erhabor attached to the Rapid response squad of the state police command.

The cop was assaulted by one victor Ebhomenyen who drove against traffic in Oniru in the Victoria Island area of the State.

 

Sunday was presented with a stats plague as a mark of honor and prestige to appreciate his commitment to promoting core values of modern policing and protection of fundamental human rights.

 

Sunday had been attacked by the Suspect and his friend who is now at large after he confronted the for driving against traffic at Four point Hotel, Oniru Victoria Island

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READ ALSO:  Lagos State Government Has Further Extended Its Work-From-Home Directive To Civil Servants
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See what144 Nigerian policemen were sent to Somalia to do

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A total of 144 police officers from Nigeria have arrived in Somalia to boost Stabilization efforts in the country according to the African union mission.

AMISON police operations coordinator  Daniel Ali Gwambal said they are there to to support the Somalis and at the same time to mentor the Somali police force.

They are to perform specific duties like regular patrols at check point, guard static duties and other duties that involve general policing he added

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READ ALSO:  Do Not Call Bandits Criminals If You Want Them To Surrender, Sheikh Gumi Warns Journalists
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