FG Increases Petrol Price To N143.80 Per Litre
The Petroleum Products Pricing Regulatory Agency, has announced an increase in the price petrol from N140.80 to N143.80 per litre.
In a circular on July 1, 2020 addressed to marketers, the PPPRA 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.”
Sources have it that the rise in petrol price for July was primarily due to the increase in global crude oil prices. Follow us on Instagram @sofovilla | Follow us on Twitter @sofovilla | Like our page on Facebook via @sofovillamedia