The Petroleum Products Pricing Regulatory Agency don announce new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, wey una also know as petrol.
Insider for the Abuja headquarters of the agency yarn say the increase in petrol price na due to the increase in global crude oil prices.
Make Una read the circular released on Wednesday July 1, from the PPPRA to marketers dem;
“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 federal government, in March, announced that the retail price of petrol would be adjusted monthly to reflect realities in the global crude oil market. On May 31, 2020, the PPPRA announced a price band of N121.50 to N123.50 per litre for the product.
