FG Raises Fuel Pump Price To N143 for July
The Federal Government through the Petroleum Product Pricing Regulatory Agency (PPPRA) has announced a new retail pump price from #N40.80 to #143.80 per litre for Premium Motor Spirit, also known as petrol.
The Petroleum Products Pricing Regulatory Agency (PPPRA) announced the increment in a statement 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.
“All marketers are advised to operate within the indicative prices as advised by the PPPRA. “
