Warning: getimagesize(https://media.energytimesonline.com/wp-content/uploads/2020/08/logo_n-removebg-preview-300x55.png): failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/energytimes/public_html/wp-content/plugins/td-cloud-library/shortcodes/header/tdb_header_logo.php on line 792
Sunday, April 11, 2021
Home Upstream Industry FG Increases Petrol Pump Price To N143 Per Litre

FG Increases Petrol Pump Price To N143 Per Litre

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.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

ETI appoints Fashina as Group Executive, Operations & Technology

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group has announced the appointment of Tomisin Fashina as its new Group Executive for Operations...

Shell pays $3.243b to Nigeria’s govt in 2020

Shell, a global leading oil and gas producer on Wednesday published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments...

Eni Makes Big Oil Find Offshore Angola

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Cuica exploration...

DPR revokes Addax’s oil mining licenses for non-performance

.Re award licenses  to Kaztec and Salvic Consortium The Director Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has said that DPR revoked three Oil...

Recent Comments