The Petroleum Products Pricing Regulatory Agency PPPRA has announced a new price bracket of between N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol.
In a circular dated July 1, 2020 The PPPRA said to marketers.
“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.”
On May 31, 2020 the agency announced a price band of N121.50 to N123.50 per litre for the product.
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