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FG Increases Petrol Pump Price To N143.80

The Nigerian government has announced a new pump price for Premium Motor Spirit commonly known as petrol from N140.80 to N143.80 per litre.

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The Petroleum Products Pricing Regulatory Agency (PPPRA), in a circular on July 1, 2020 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.

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

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

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