HeadlinePPPRA Increases Petrol Pump Price To N143.8 Per Litre

PPPRA Increases Petrol Pump Price To N143.8 Per Litre

Ask ZiVA 728x90 Ads

SAN FRANCISCO, July 01, (THEWILL) – The Petroleum Product Pricing Regulatory Agency (PPPRA) has announced an upward review of the retail pump price of petrol from the previous N121.50 .

This was revealed in a circular dated July 1st, where the downstream regulator said oil marketers are now expected to sell petrol within the price range of N140.80 and N143.80.

The circular reads in part;

“Please recall the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations, based on the existing price regime.”

ALSO READ: Nigerians Should Be Ready To Pay Higher For Fuel – PPPRA Boss

“After a review of the prevailing market fundamentals in the month of June and considering Marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price of N140.80 to 143.80/Litre for the month of July 2020.”

About the Author

Homepage | Recent Posts

More like this
Related