Nigerian Government Increases Petrol Pump Price
Nigerian Government Increases Petrol Pump Price
The regulatory agency announced the new retail price band to marketers in a circular dated July 1, 2020 and signed by its Executive Secretary, Abdulkadir Saudi.
The Petroleum Products Pricing Regulatory Agency has increased the pump price of petrol to N140.80/143.80 per litre from the present N121.50 per litre.
The regulatory agency announced the new retail price band to marketers in a circular dated July 1, 2020 and signed by its Executive Secretary, Abdulkadir Saudi.
Source: Sahara Reporter
The pump price of petrol was on June 1, 2020 reduced to N121.50 per litre from N123 per litre.
“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 - 143.80/litre for the month of July, 2020,” part of the circular read.
Source: Sahara Reporters
