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FG Increases Petrol Price To N143.80 Per Litre

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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.”

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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

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