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Thursday, June 24, 2021
Home Upstream Industry FG Increases Petrol Pump Price To N143 Per Litre

FG Increases Petrol Pump Price To N143 Per Litre

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The Petroleum Product Pricing Regulatory Agency (PPPRA) has announced a new retail price band of N140.80 – N143.80 per litre for Premium Motor Spirit, also known as petrol. This was contained in a circular dated July 1, 2020 and communicated to marketers. “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,” it said. “All marketers are advised to operate within the indicative prices as advised by the PPPRA.” Earlier on May 31, 2020, the agency announced a price band of N121.50 to N123.50 per litre for the product.

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