Oil workers
Oil workers

Department of petroleum resources DPR, has announced the commencement of enforcement of price regime in line with its mandate to supervise and control duties in the oil industry in Nigeria.
In a statement issued yesterday by the management of the agency, said that following the announcement on the approved pump price of Premium Motor Spirit otherwise known as Petrol by the Federal government.
It said that consequently, marketers are advised to comply with the new pump prices as enunciated in PPPRA pricing template which is the official pump price and ex-depot of premium motor spirit (PMS) for oil marketing companies shall be N86:50/LITRE and N77:00 /litre respectively.
The DPR however urged all depot owners and retailers to ensure strict compliance as appropriate sanctions shall be applied to anyone found to be involved in price manipulation.
It would be recalled that the federal government had through Petroleum Products Pricing Regulatory Agency PPPRA reduced the pump price of petrol from N87 to N86.50k per litre with effect from January 1st.


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