• About
  • Advertise
  • Careers
  • Contact
Thursday, March 23, 2023
  • Login
The DailyTimes Nigeria
  • World
  • Regional
  • Politics
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Victoria Beckham's French debut

    Paris Fashion Week Begins! Awaiting Victoria Beckham’s French Debut

    Hushpuppi

    Hushpuppi May Get 11 years in Prison

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    HBO Succession

    Emmy nominations: HBO “Succession” Tops List, Beats Netflix

    r kelly

    R. Kelly Sentenced to 30 Years in Jail

    American Rapper Lil Tjay

    American Rapper Lil Tjay Shot and Killed in New Jersey By

    2022 Billboard Music Awards

    List of 2022 Billboard Music Awards Winners

    Nollywood entertainer Leo Mezie

    Nollywood Entertainer Leo Mezie Dies After Battle With Kidney Disease

    Atlanta Rapper Lil Keed

    24-years Old Atlanta Rapper Lil Keed Dies

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Tech
    • Travel
    Tinubu

    How Tinubu is Continuously Losing Allies Due to Muslim-Muslim Ticket

    Senator Abdulahi Adamu

    Muslim-Muslim Ticket: APC To Replace National Chairman, Adamu, with a Christian to Gain Christian Voters

    Covid-19 Stigma

    Covid-19 Stigma: Covid Patients in China and Their Exclusion Ordeal

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    Biden

    America Declares the Fight against Monkeypox as an Emergency

    nigeria telecom operators

    FG Add 5% TAX on All Telecommunications Services to Raise Debt Servicing Revenue

    monkeypox vaccines

    European Commission Approves Smallpox vaccine for Monkeypox Prevention

    spider silk

    Spider Silk-based High-tech Patch As Cure to Arthritis

    Whole Bible Believers Church

    How Police Extricated 77 People From Whole Bible Believers Church In Ondo

    funke, jjc

    JJC Skillz and Funke Akindele Celebrity Marriages Crashes

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Sports
No Result
View All Result
  • World
  • Regional
  • Politics
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Victoria Beckham's French debut

    Paris Fashion Week Begins! Awaiting Victoria Beckham’s French Debut

    Hushpuppi

    Hushpuppi May Get 11 years in Prison

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    HBO Succession

    Emmy nominations: HBO “Succession” Tops List, Beats Netflix

    r kelly

    R. Kelly Sentenced to 30 Years in Jail

    American Rapper Lil Tjay

    American Rapper Lil Tjay Shot and Killed in New Jersey By

    2022 Billboard Music Awards

    List of 2022 Billboard Music Awards Winners

    Nollywood entertainer Leo Mezie

    Nollywood Entertainer Leo Mezie Dies After Battle With Kidney Disease

    Atlanta Rapper Lil Keed

    24-years Old Atlanta Rapper Lil Keed Dies

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Tech
    • Travel
    Tinubu

    How Tinubu is Continuously Losing Allies Due to Muslim-Muslim Ticket

    Senator Abdulahi Adamu

    Muslim-Muslim Ticket: APC To Replace National Chairman, Adamu, with a Christian to Gain Christian Voters

    Covid-19 Stigma

    Covid-19 Stigma: Covid Patients in China and Their Exclusion Ordeal

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    Biden

    America Declares the Fight against Monkeypox as an Emergency

    nigeria telecom operators

    FG Add 5% TAX on All Telecommunications Services to Raise Debt Servicing Revenue

    monkeypox vaccines

    European Commission Approves Smallpox vaccine for Monkeypox Prevention

    spider silk

    Spider Silk-based High-tech Patch As Cure to Arthritis

    Whole Bible Believers Church

    How Police Extricated 77 People From Whole Bible Believers Church In Ondo

    funke, jjc

    JJC Skillz and Funke Akindele Celebrity Marriages Crashes

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Sports
No Result
View All Result
The DailyTimes Nigeria
No Result
View All Result

Buhari Increases Freight Rate for PMS Transporters to Curb Fuel Scarcity

by admin
June 17, 2022
in Business, Featured, Latest News
0
Home Business
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Because of the difficulties in statewide distribution of PMS, President Muhammadu Buhari of Nigeria has approved an increase in freight rates for transporters.

According to NMDPRA, this was made public on Thursday, and it is expected to be implemented by the end of 2017.

Nigerian President Muhammadu Buhari has approved an increase in freight rates for transporters to ease the distribution of Premium Motor Spirit (PMS) nationally, according to a statement.

Following a thorough review of all relevant parties, the Nigerian Midstream and Downstream Petroleum Regulatory Authority granted the project its final approval” (the Authority). After an increase in world oil prices demanded this evaluation, so too did the rising expense of shipping Premium Motor Spirit (PMS) countrywide, which forced this investigation.

‘As a result, the Authority has issued the following statement:

In accordance with the Authority’s mission under the PIA (Section 34()) to create and enforce a tariffing and pricing system for natural gas and petroleum products, the transporters’ freight rate has been reevaluated to reflect current market conditions.

To maintain the current regulated PMS pump price of N165.00/Litre, the amended freight rate takes effect on June 1, 2012. The Bridging Fund Scheme has formed an Inter-agency Team to ensure the reconciliation and settlement of pending claims by transporters.

There is still more than a month’s supply available from the single provider of PMS, the Nigerian National Petroleum Corporation (NNPC).”

NARTO and other stakeholders should be encouraged to use additional trucks to carry PMS across the country in order to assure an adequate supply of the commodity, as we anticipate the increased freight cost for transporters will do.”

A strong and sustainable Midstream and Downstream Petroleum sector is the goal of the Authority. “The Authority assures the public of its dedication to this goal.”

Tags: tankers truck farm
admin

admin

Next Post
Ikoyi 21-story Building Collapse

Ikoyi 21-story Building Collapse: Lagos State Government Will Demolish and Take Over Land -Salako

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recently

  • Latest News
NCC

NCC Denies Telcos Request to Increase Call and Data Tariff

11 months ago
Chris Wood Undergoes Medicals In Newcastle, Chelsea Target Lucas Digne To Aston Villa.

Chris Wood Undergoes Medicals In Newcastle, Chelsea Target Lucas Digne To Aston Villa.

1 year ago
Buhari’s Administration Wiped Out Five Years of Nigeria’s Economic Progress – Sanusi

Buhari’s Administration Wiped Out Five Years of Nigeria’s Economic Progress – Sanusi

2 years ago
Tobi Amusan Breaks Games Record

Commonwealth Games: Tobi Amusan Breaks Games Record

8 months ago
APC Scribe Bola Tinubu To Run For 2023 Presidential Election

Tinubu Apologies For Misleading Information.

1 year ago
President Muhammadu Buhari Launch eNaira

President Muhammadu Buhari Launch eNaira

1 year ago
social media

As Elections Draws Near, FG Begins to Regulate Social Media, Demands Registration with CAC

9 months ago
Two inmates Dies In Attempted Jail Break

Two inmates Dies In Attempted Jail Break

1 year ago
Facebook Twitter Youtube RSS
The DailyTimes Nigeria

The Daily Times is Nigeria's first Independent Newspaper known for unbiased journalist and reportage which has been anchored on decades of trust, research, unsentimental investigations, verified facts and unbiased reason.

Category

  • Business
  • Entertainment
  • Fashion
  • Featured
  • food
  • Gaming
  • Health
  • Latest News
  • Lifestyle
  • Movie
  • Music
  • National
  • Politics
  • Regional
  • Specials
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

© 2021 The Daily Times Nigeria

No Result
View All Result
  • Politics
  • World
  • Business
  • Regional
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2021 The Daily Times Nigeria

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version