PPPRA STATES NEW PETROL PUMP PRICE -
June 1, 2020

PPPRA STATES NEW PETROL PUMP PRICE

PPPRA STATES NEW PETROL PUMP PRICE

Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new pump price of N121.50 per litre for Premium Motor Spirit, also known as petrol.

Nigerianjournal gathered that the PPPRA, which is an agency of the Federal Government, disclosed this in a circular to fuel marketers dated May 31, 2020, which was obtained by our correspondent on Monday.

The sharp drop in crude oil prices on the back of the spread of coronavirus saw the landing cost of petrol hitting a record low in March, wiping off subsidy on the product.

The pump price of petrol, which is still being regulated by the Federal Government, was reduced to N125 per litre from N145 per litre on March 18, 2020, effective March 19.

The PPPRA further announced on March 31 a price band of N123.50 to N125 per litre, effective April 1.

Just-In: PPPRA Announces New Pump Price For Petrol

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