Petrol pump price reduces from N123 to N121.50 per liter - FG


The Petroleum Products Pricing Regulatory Agency (PPPRA ) has reported the decrease of the siphon cost of the Premium Motor Spirit (PMS) to N121.50 from N123 per liter. 

The PPPRA in its reminder titled "A.4/9/017/C.2/IV/701 31", likewise uncovered that the ex-station value band is presently N100. 13 and N108. 13 for every liter while ex-stop for assortment is N108. 78 and N111.78 per liter for the long stretch of June. 

Advertisers were coordinated to agree and work inside the demonstrative costs. The update read; 

"If you don't mind review the as of late affirmed valuing system which became powerful nineteenth March 2020 and the arrangement for the foundation of a month to month value band inside which Petroleum Marketers are relied upon to sell PMS at the retail stations. 

" After an audit of the overarching market essentials in the long stretch of May and thinking about Marketers' sensible working expenses, as much as practicable, we wish to educate concerning another PMS controlling siphon mice with relating Ex-Depot cost for the period of June, 2020, as follows: 

"Value Band: N121. 50 N123. 50/Liter Ex-Depocorresponding. 13 N104. 13/Liter Ex-Depot for Collection: N109. 78 N1 1. 78/Liter."

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