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
Igbere TV, the downstream regulator said oil marketers are now expected
to sell petrol within the price range of N140.80 and N143.80.
“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.
1 Comments
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