Federal Government Increases Fuel Pump Price to N143
The Federal Government had increased the fuel pump price for petrol to N143.80 per litre. The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced the increment in a statement issued by Abdulkadir Saidu, the Executive Secretary of the Agency.
The statement reads: “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.”