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Federal Government Increase petrol price to N143.80 per litre


The Federal Government has announced a new pump price for premium motor spirit (PMS).

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced that the new pump price of petrol is between N140.80-N143.80 per litre.

Nigerians might witness another hike in retail price for petrol as the Petroleum Product Pricing Regulatory Agency (PPPRA) has recommended an upward review from N121.50.

The agency recommended that a litre of petrol should now be sold between N140.80 and N143.80.

The Cable reports that the agency in a statement wrote:

 “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 band of N140.80 – N143.80/litre for the month of July 2020.”

Comments

  1. UnknownJuly 1, 2020 at 10:54 AM

    Ha ha ha PPPRA what's it again, price of petrol increase just like that remember there is God ooo

    ReplyDelete

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