The Petroleum Products Pricing Regulatory Authority (PPPRA) has increased the pump price of petrol from N121.50 per liter to N140.80/143.80 per liter.
PPPRA announced a new retail price range to marketers in a circular on July 1, 2020.
The circular was signed by its Executive Secretary Abdul Qadir Saudi.
“After reviewing the prevailing market fundamentals in June and taking into account as much as possible the actual operating costs of marketers, we hope to provide a new PMS pump price range of N140.80 – 143.80/liter for July, 2020.” .
The pump price of petrol was on June 1, 2020 reduced to N121.50 per litre from N123 per litre.