FG increases petrol price to N143 per litre

The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N140.80 and N143.80 per litre for Premium Motor Spirit, also known as petrol.

The PPPRA, 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.

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“All marketers are advised to operate within the indicative prices as advised by the PPPRA.”