BREAKING: FG Reduces Petrol Pump Price To N121.50 Per Litre

   BREAKING: FG Reduces Petrol Pump Price To N121.50 Per Litre
The Petroleum Products Pricing Regulatory Agency (PPPRA ) has announced the reduction of the pump price of the Premium Motor Spirit (PMS), popularly call Petrol to N121.50 from N123 per litre.

The PPPRA in its memo titled “A.4/9/017/C.2/IV/701 31“, also revealed that the ex-depot price band is now N100. 13 and N108. 13 per litre while ex-depot for collection is N108. 78 and N111.78 per litre for the month of June. 

Marketers were directed to comply and operate within the indicative prices. The memo read; 
“Please recall the recently approved pricing regime which became effective 19th March 2020 and the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations.
” After a review of the prevailing market fundamentals in the month of May and considering Marketers’ realistic operating costs, as much as practicable, we wish to advise of a new PMS guiding pump mice with corresponding Ex-Depot price for the month of June, 2020, as follows:
“Price Band: N121. 50 N123. 50/Litre Ex-Depocorresponding. 13 N104. 13/Litre Ex-Depot for Collection: N109. 78 N1 1 1. 78/Litre.”

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1 Comments

  1. Hmmmmmmmmmmmmn, though we no even see the impart of the reduction in price

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