The Petroleum Products Pricing Regulatory Agency, PPPRA has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol.
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.
Read Also: Falz Condemns Police Killing Of Teenager, Rape And Murder Of UNIBEN Student
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.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a significant reduction in the…
Governor of Abia State, Dr. Alex Otti has approved the appointment of Mr. Benson Ojeikere…
The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…
Ohafia, Abia State, was plunged into mourning on Sunday following a tragic accident involving a…
An Islamic scholar and political activist, Dr. Usman Bugaje, has highlighted the inability of the…
The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince…