1 JULY 2020
The Federal Government has increased the pump price of Premium Motor Spirit popularly known as petrol to N143.80 per litre.
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The Petroleum Products Pricing Regulatory Agency(PPPRA) announced this on Wednesday.
It said a new price band of N140.80 to N143.80 per litre will apply for petrol.
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The PPPRA, in a circular dated July 1, 2020 to marketers, said: “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 per litre for the month of July 2020.
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“All marketers are advised to operate within the indicative prices as advised by the PPPRA.”
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The agency on May 31, 2020 announced a price band of N121.50 to N123.50 per litre for the product.
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