The Petroleum Products Pricing Regulatory Agency(PPPRA) has increased the pump price of Premium Motor Spirit, also known as petrol from N140.80 to N143.80 per litre.
The PPPRA announced the increment in a statementsigned and issued by its Executive Secretary, Abdulkadir Saidu on Wednesday.
“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,” the statement read.
The pump price of petrol was on June 1, 2020, reduced to N121.50 per litre from N123 per litre.
