shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Buhari Sets Up 14-Member Committee To Tackle Supply, Distribution Of  Petroleum Products

Buhari Sets Up 14-Member Committee To Tackle Supply, Distribution Of  Petroleum Products

by Joshua
January 25, 2023
in Featured, News

President Muhammadu Buhari has approved the  constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solution to disruptions in the supply and distribution of petroleum products.

The Steering Committee, which will be chaired by Buhari, has the Minister of State for Petroleum Resource Chief Timipre Sylva as Alternate Chairman.

Sylva, in a statement by his Senior Adviser (Media and Communications), Horatius Egua said the committee would among other things ensure transparent and efficient supply and distribution of petroleum products across the country.

To further ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for PMS.

The minister also directed the NMDPRA to ensure that NNPC Limited, which is the supplier of last resort meets the domestic supply obligation of PMS and other petroleum products in the country.

He further directed that the interests of the ordinary Nigerian is protected from price exploitation on other deregulated products such as Automative Gas Oil (AGO), Dual Purpose Kerosene (DPK) and Liquified Petroleum Gas (LPG).

“The Federal Government will not allow misguided elements to bring untold hardship upon the citizenry and attempt to discredit government’s efforts in consolidating the gains made thus far in the oil and gas sector of the economy,” he said.

Other terms of reference are to ensure national strategic stock management, visibility on the NNPC Limited refineries rehabilitation programme and ensure end-end tracking of petroleum products, especial PMS to ascertain daily national consumption and eliminate smuggling.

Members of the committee also include Minister of Finance, Permanent Secretary, Ministry of Petroleum Resources, National Economic Adviser to the President and Director-General, Department of State Services (DSS).

Others are Comptroller-General, Nigerian Customs Service (NCS), Chairman, Economic and Financial Crimes Commission Member

(EFCC), and Commandant-General, Nigerian Security and Civil Defence Corps (NSCDC)

The Steering Committee members also include Authority Chief Executive NMDPRA, Governor, Central Bank of Nigeria, G r o u p Chief Executive Officer, NNPC Limited, Special Advisor (Special Duties) to the HMSPR while the Technical Advisor (Midstream) to the HMSPR will serve as Secretary.

The PMS approved ex depot price is N148.17 per litre as at 2022, while NNPC retail stations dispense at N179, other filling stations dispense between N180 and N184.

shippingposition

Kindly like us on Facebook/twitter


Related Posts

Media Crucial To Nation Building- Channels TV Boss

Media Crucial To Nation Building- Channels TV Boss

January 27, 2023
Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

January 27, 2023
Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

January 27, 2023
International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

January 27, 2023

Latest News

“Anyone talking about 15% equity in CVFF is ignorant”

“Anyone talking about 15% equity in CVFF is ignorant”

January 27, 2023

Industry Advises Philippines on Training as EU Considers Crew Ban

SHIPTALK: Basics About A Ship

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

Beware Of Activities Against Aquatic Plants, Animals – Marine NGO Warns

The World Awaits Trial Of Crew Of Heroic Idun In A Nigerian Court

All Set For Obangame Express 2023 International Maritime Exercise

Our Real Fears About The CVFF Disbursement

VESSELS EXPECTED AT LAGOS PORTS AS AT 27TH JANUARY, 2023.

Media Crucial To Nation Building- Channels TV Boss

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition