Just In: FG Increases PPPMS to N143.80 per liter

Just In: FG Increases PPPMS to N143.80 per liter

President Muhammadu Buhari has ordered the PPPRA to increased the pump price of Premium Motor Spirit popularly known as petrol to N143.80 per liter which the Petroleum Products Pricing Regulatory Agency(PPPRA) announced on Wednesday.

It said a new price band of N140.80 to N143.80 per liter will apply for petrol

The PPPRA, in a circular dated July 1, 2020, to marketers, said: “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 liter for the month of July 2020.

“All marketers are advised to operate within the indicative prices as advised by the PPPRA.”

The agency on May 31, 2020, announced a price band of N121.50 to N123.50 per liter for the product.

Details shortly…

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