BREAKING: Federal Govt Announces Hike In Fuel Price As It Rises To ₦143.80

1 month ago by: onuigbo felicia
-- Online (f) at 1-07-2020 08:10PM

(10148 | Hero)

The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol.

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.

“All marketers are advised to operate within the indicative prices as advised by the PPPRA.”

The agency had on May 31, 2020 announced a price band of N121.50 to N123.50 per litre for the product.

Sources at the Abuja headquarters of the agency said the rise in petrol price for July was primarily due to the increase in global crude oil prices, as PMS had been deregulated.

-- dopygenius (m) at 1-07-2020 08:18PM
(3901 | Gistmaniac)

Very useless set of leaders
Very useless to the core
For them to make things easy for people
Na to make it more harder
Ekwensu voó unu onu Angry
-- Larsson4 (m) at 1-07-2020 08:53PM
(77 | Newbie)

Why the hike in the price at this time
-- kacylee (f) at 2-07-2020 10:27AM
(28273 | Addicted Hero)

this administration is just something else....