A month after the Federal Government reduced petrol price to N123.50k, the price has been increased to N143.
The Petroleum Products Pricing Regulatory Agency, on Wednesday, announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit.
The agency, in a circular dated July 1, 2020 to marketers, 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.”
