BREAKING!!! FG Increases Petrol Pump Price To N143.8/Litre

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President Buhari Smiling
President Buhari Smiling
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The Federal Government through the Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new retail price band for oil marketers across the country.

In a circular dated July 1st, sighted by 9news Nigeria, the downstream regulator said oil marketers are now expected to sell petrol within the price range of N140.80 and N143.80.

President Buhari Smiling
President Buhari Smiling

“Please recall the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations, based on the existing price regime.

“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 of N140.80 to 143.80/Litre for the month of July, 2020,” the circular read in part.

Details later…

About Wisdom Nwedene 7757 Articles
Wisdom Nwedene is a seasoned investigative reporter. He is currently an editor @9News Nigeria and also a social media strategist, writer, freelancer. Wisdom Nwedene has also interviewed many top Nigerian celebrities and Politicians.To always get our news update on WhatsApp, call or text 'add me' to. ,+234703 4977317 or send me message via Facebook : Wisdom Nwedene(https://www.facebook.com/wisdom.nwedene) Share your story with us: +234703497 7317 ( Call & SMS only) Email: Nwedenewisdom@gmail.com

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