5 edition of crises of pricing petroleum products in Nigeria found in the catalog.
crises of pricing petroleum products in Nigeria
Includes bibliographical references (p. -121) and index.
|LC Classifications||HD9577.N5 A74 2001|
|The Physical Object|
|Pagination||xv, 125 p. ;|
|Number of Pages||125|
|LC Control Number||2002321144|
A cost-benefit analysis of gas production in Nigeria carried out by Okoh () reveals that during the project horizon of 38 year ( to ), Nigeria lost a total of billion tones of gas valued at N trillion (at N/tonne; government price) to gas flaring. According to her findings, the NPV for gas production in Nigeria. The frequent and incessant price changes (price hike) of petroleum products in Nigeria have been a source of worry, contention and many a times controversy. Olorunfemi () stated that various Nigerian governments increased fuel prices more-than ten (10) times, between the year and period when prices were.
The Society of Petroleum Engineers (SPE), Nigeria Council, on Tuesday expressed disappointment over lingering delay in the passage of the Petroleum Industry (PIB) Bill. The SPE held the belief that its passage would boost investors’ confidence in Nigeria’s oil and gas sector. 9. Reduction in the price of fuel: Although the protracted fall in the global price of crude has caused major harm on the nation’s economy, it might signal a new era for subsidized prices of fuel and other petroleum products as confirmed by the move of the Federal government on reducing the pump price of fuel from 97 naira to 87 naira per.
Nigeria is currently experiencing a serious food crisis in its history. The crisis manifests itself in the inability of the nation to produce enough food to feed its population and the need to import food at exorbitant prices. Food shortage and hunger have resulted in the incidence of malnutrition and kwashiorkor among its citizens. Successive governments in Nigeria have however have failed to. An Assessment of the impact of Petroleum Subsidy on Consumer Price Index in Nigeria Innocent Okwanya1, Ogbu Moses2 & Job Migap Pristine3 1 Department of Economics, Federal University Lafia, Nassarawa State, Nigeria. 2 Department of Economics University of Jos, Plateau State, Nigeria.
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Get this from a library. The crises of pricing petroleum products in Nigeria: a critical and comparative study of Nigerian workers' resistance against petroleum products' price.
The power sector accounts for up to 70 per cent of the domestic natural gas demand in Nigeria but the persistent liquidity crisis in the sector is negatively affecting the country’s gas pricing. This study therefore set out to investigate the impact of change in petroleum products prices on inflation in Nigeria.
The study employed Autoregressive Distributed Lag model for the data analysis. 3 the Petroleum Products Pricing Act of which vests the regulation of the prices on a Board.
Section 3 (1) of the Act provides as follows:File Size: KB. Orgunbodede et al () studied petroleum price crisis and the Nigerian public transportation system. The study claimed that incessant petroleum products price hike led to crisis and industrial actions in the country.
A STUDY OF THE NIGERIAN PETROLEUM RETAIL MARKET CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY There has been a relative slow rate of growth in the Nigerian Petroleum sector for past decades with a far reaching influence of foreign presence.
It is a well known fact that the Petroleum sector in any economy requires great amount of technology, capital with. Nigeria's total petroleum refining capacity isbarrels (70, m 3) per day, however, onlybarrels (38, m 3) per day was allotted during the uently, crude oil production for refineries was reduced further to as little as 75, barrels (11, m 3) per day during the regime of Sanni are four major oil refineries: the Warri Refinery and Petrochemical.
He lamented that the upward review in pump prices as released by the Petroleum Products Price Regulatory Agency, PPPRA, on 2nd of July, from N to N per litre is unbearable to marketers.
Current Price of Petrol in Nigeria. Presently, the official pump price of petrol (PMS) in Nigeria is N However, going by current market data, the commodity presently goes for prices ranging from N to N; The over-the-country average price of petrol is presently N per litre.; Presently, petrol is cheapest in Imo (N), Jigawa (N) and Sokoto (N) states, while it’s.
At the backdrop of the continued comatose state of the Nigeria’s local refining capacity, the country may have spent about N10 trillion in the provision of pump price subsidy on imported.
(according to the Petroleum Product Pricing Regulatory Authority, PPPR, ). As a measure of the growing involvement of the indigenous petroleum products marketers in the economic development process of Nigeria, it is interesting that inthey accounted for less than half – percent in terms of volume of petroleum.
The crisis in the downstream segment of the Nigerian petroleum sector has therefore been a major concern to most people in Nigeria. This is because the constant fuel price increase in the country has been traced to the inefficiencies of the nation’s refineries in addition to the sabotage from bunkerers, oil spillagers and attitude of some.
of the Federation of Nigeria, (as amended) provides the legal basis for the imposition of VAT on supply of all goods and services in Nigeria except those specifically exempted.
Marketers and distributors appear to have relied on a letter of from the Petroleum Product Pricing Regulatory Agency (PPPRA) not to. Fuel marketers used the figure to make subsidy claims from government for supply of petroleum products.
On February 7,the Minister of State for Petroleum Resources, Ibe Kachikwu, told a. The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as.
The estimates of model parameters for each petroleum products, in Nigeria are obtained by applying maximum likelihood in conjunction with Kalman filter. The study Since the global energy crisis of /73, the energy sector, concentrated on four of the determinants the price of petroleum products, price of other energy.
What are the problems associated with marketing petroleum product in Nigeria. How can we proffer solution to these problems. How does the future of petroleum product marketing project look like in Nigeria.
SCOPE OF STUDY The study on the problems and prospects of marketing petroleum products is wide, as a result. Fuel Crisis Intensifies In Nigeria With the government opting to subsidize the difference between the landing cost of imported petroleum product and retail price above N86 per liter, it.
An examination of Nigeria's growth history with the nominal figures for GDP fromas against the price of crude oil (Figure 1), a major contributor to the country's income showed a.
The Act Provides for the control of petroleum products in Section 4. 11 By Subsection (1) of the Act, no person shall import store, sell or distribute any petroleum products in Nigeria without a licence granted by the minister.
If treats the modes of strategies sate or distribution of petroleum products that cannot be done without the license. But because of the marginal rise in crude oil prices, the calculation is that petrol price could go up,” the National President, Petroleum Products Retail Outlets Owners Association of Nigeria.
Nigeria has formally deregulated the downstream of the petroleum industry, as it announced that the marketers, as driven by market forces of demand and supply, would now determine prices of all petroleum products.
The Petroleum Products Pricing Regulatory Agency (PPPRA), the agency that oversees the prics of petroleum products in.