The Federal Government has said it would undertake a review of the pricing template for Premium Motor Spirit (PMS) also known as petrol, inorder to prevent a further increase in the price of the commodity.
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated this over the weekend during a grand award ceremony organised by the Petroleum Products Pricing Regulatory Agency (PPPRA) branch of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja.
Meanwhile the Senate Committee on Petroleum (Upstream), has asked the Department of Petroleum Resources (DPR) to henceforth, prepare and forward to it, the daily product records of oil and gas in the country.
The committee said the record of daily crude oil production must be submitted to the Senate every month. This will include petroleum industry activities, data on seismic activities, crude oil production, liftings, allocations, exports by destination, receipts, gas production, utilization, sales, transmission and exports.