Petrol to sell for N140 as PPPRA recommends price hike

 Petrol to sell for N140 as PPPRA recommends price hike

The Petroleum Product Pricing Regulatory Agency (PPPRA) on Wednesday recommended an upward review of the retail pump price of petrol from the previous N121.50.

According to the agency, the recommended petrol retail band for a litre of petrol is now between N140.80 and N143.80.

“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 band of N140.80 – N143.80/litre for the month of July 2020,” a statement by the agency explained

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Michael Oche

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