The official Price of Petrol in Nigeria is now N125 per Litre. A Price Modulation Mechanism is being introduced, to be managed by the Petroleum Products Pricing Regulatory Agency (PPPRA), to henceforth adjust the price in line with the market price of crude oil.
The Minister of Petroleum Resources @HETimipreSylva made the announcement today at the Federal Executive Council (FEC) Meeting Press Briefing.
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The petrol price adjustment, N25 per littre will take effect from 19th of March 2020.
More details to come from the Petroleum Products Pricing Regulatory Agency (PPPRA).
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