The Petroleum Products Pricing Regulatory Agency of Nigeria has announced an increase in petrol pump prices from N140.80 to N143.80 per litre.
Per reports, the hike was mainly as a result of the increase in global crude oil prices.
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A statement by the agency reads;
“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.”
Source: ghgossip.com
