FG raises petrol pump price to ₦143.80

FG raises petrol pump price to ₦143.80

The Petroleum Products Pricing Regulatory Agency PPRA has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit (PMS), also known as petrol.

The PPPRA, in a circular dated July 1, 2020 to marketers, said, “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 per litre for the month of July 2020.

“All marketers are advised to operate within the indicative prices as advised by the PPPRA.”

The agency had on May 31, 2020 announced a price band of N121.50 to N123.50 per litre for the product.

Sources at the Abuja headquarters of the agency said the rise in petrol price for July was primarily due to the increase in global crude oil prices, as PMS had been deregulated.

14 thoughts on “FG raises petrol pump price to ₦143.80

  1. Hmmm. Na WA. Fuel price was brought down a little and things were still very cost this period. Now they raise the price again, how will it now look like?

  2. Please let the federal government understand that most people are still recovering from the COVID stuff

  3. We hope you don’t start suffering us with electricity so that we will now start buying petrol o

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