Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Government issues last quarter petrol import allocation

16 June 2014, 09:46

Abuja - The Minister of Petroleum Resources, Diezani Allison-Madueke, has approved the release of third quarter (Q3) import allocations for Premium Motor Spirit (PMS) or petrol.

Farouk Ahmed, Executive Secretary, Petroleum Products Pricing and Regulatory Agency (PPPRA), announced this in a statement made available in Abuja on Sunday.

Ahmed said the gesture was in line with President Goodluck Jonathan’s Transformation Agenda in the downstream oil and gas sector.

“It shows that the federal government is highly committed to its promise of ensuring sustained products availability across the country, and at government approved-price.’’

Ahmed added that government had facilitated an improved national PMS supply situation and stock build-up, put at 35 days sufficiency (Land -19 and Marine-16).

According to him, the latest directive by the minister is also to enable marketers to make adequate preparations toward products sourcing and importation.

He commended the minister for all the proactive initiatives put in place to ensure products availability across the nation and at PPPRA-regulated price.

He appealed to all oil marketers to reciprocate government’s gesture by commencing the process of products purchase in time in order to forestall any future shortages.

The executive secretary promised to ensure prompt processing of documents for all imported products duly brought into the country.

He recalled that the minister commenced a regime of early release of quarterly PMS allocations, with the release of Q2 in April 2014, in addition to a supplementary Q1 allocation.

He said apart from providing additional imports to supplement prevailing level of importation, the approval was responsible for availability of petroleum products across the country at regulated prices.

-       NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...