The House of Representatives committee on Finance has directed the Pipeline Products Pricing Regulatory Agency (PPPRA) to reconcile its daily output of Petroleum Motor Spirit (PMS) and other petroleum products in the country.
Chairman of the Committee, James Faleke and other members unanimously agreed that there are discrepancies in the records presented vis-a-vis revenues due to the government.
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Faleke said the agency is providing conflicting records on the daily discharge and consumption of petroleum products in the country.
According to him, the records presented have contradictions that cannot be ignored.
“Tell us that the documents are not correct so that we can move forward. The data you gave us yesterday which says 52 million per day was wrong, so your Naira figure too will be wrong.
We are working on this foundation, upon which we will develop and work with tomorrow,” he said.
The PPPRA Assistant General Manager (AGM), Corporate Services, Kimshi Apollo said, they brought the constant figure of 48 million litres based on what transpired earlier Monday regarding the average daily consumption by the Department of Petroleum Resources (DPR).
