May 22, 2024
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OIL & GAS

Buhari reviews petroleum products freight

 

 

  • President Muhammadu Buhari has reviewed – upward, the freight rate for transporters in the distribution of Premium Motor Spirit (PMS) and other petroleum products nationwide.<span;>The Nigerian Midstream and Downstream Petroleum regulatory Authority (NMDPRA) made this revelation in a press statement on the 16th June 2022, where it said this development is coming after an “industry-wide consultation with stakeholders at the instance of NMDPRA”.<span;>It said the move is set to alleviate the challenges associated with the distribution of PMS, leading to fuel queues and hike in prices of goods,

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