Business
Breaking: FG Reduces Petrol Pump Price To N121.50 Per Litre
The Petroleum Products Pricing Regulatory Agency (PPPRA ) on Monday announced the reduction of the pump price of the Premium Motor Spirit (PMS) to N121.50 from N123 per litre.
As contained in its guidelines price for the month of June 2020, the ex-depot price band is now N100. 13 and N108. 13 per litre while ex-depot for collection is N108. 78 and N111.78 per litre.
According to a circular titled “A.4/9/017/C.2/IV/701 31“, the agency urged all marketers to operatensure within the indicative prices.
PPPRA, an agency of the Federal Government of Nigeria, said: “Please recall the recently approved pricing regime which became effective 19th March 2020 and the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations.
”After a review of the prevailing market fundamentals in the month of May and considering Marketers’ realistic operating costs, as much as practicable, we wish to advise of a new PMS guiding pump mice with corresponding Ex-Depot price for the month of June, 2020, as follows:
“Price Band: N121. 50 N123. 50/Litre Ex-Depocorresponding. 13 N104. 13/Litre Ex-Depot for Collection: N109. 78 N1 1 1. 78/Litre.”
-
Metro/Crime6 days ago
Video: “I use different uniforms, ID card on special robbery operations” – Dismissed Nigerian Soldier confesses
-
Politics4 days ago
OndoDecides: See official results collated per Local Government
-
Osun News2 days ago
Arrested OSTMS Chairman, Alowonle On Life Support, As Govt Seeks Prosecution Head of Anti-Kidnapping Squad
-
Politics4 days ago
Tinubu sacks top government official, names replacement (photos)
-
Osun News2 days ago
Police Arrest Gov Adeleke’s aide, Alowonle
-
Politics4 days ago
OGSIEC Announces 2024 Local Government Election Results
-
Politics7 days ago
Tinubu Appoints Ex-Atiku Spokesperson, Bwala, others
-
Politics5 days ago
OndoDecides: Guber Election Results From Units Emerge