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.
Nigeria recorded a total of 1,154 Lassa fever cases with 190 deaths this year, the…
In a bid to strengthen the leadership and management of Abia State University, Uturu (ABSU),…
Kylian Mbappe has described his penalty miss against Athletic Club as a pivotal moment in…
Edo State Governor, Monday Okpebholo, said Christmas represents the values that unite us as a…
Africa Magic, in partnership with MultiChoice, has called for entries for the 11th edition of…
Asian markets rose after big gains on Wall Street, with traders welcoming below-forecast US inflation…