0 C
Lagos, NG
27th September 2022
LOCAL NEWS WORLD NEWS

Breaking: FG Announce Further Reduction In Petrol Pump Price

Lawmakers, Labour Demand Reversal Of New Pump Price
Lawmakers, Labour Demand Reversal Of New Pump Price

The Petroleum Products Pricing Regulatory Agency (PPPRA ) on Monday announced the reduction of the petrol pump price of the Premium Motor Spirit (PPPRA) to a band of N121 from N123 per litre.

According to its guidelines price reduction for the month of June 2020, 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.

In a memo titled “A.4/9/017/C.2/IV/701 31“, the agency urged all marketers to operate sure within the indicative prices.

The PPPPRA said “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 the reduction is 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.”

Related posts

PHOTO: See All The Results As Saudi Arabia Beats Egypt 2-1

yellowdanfo

Rita Ora Slammed By Parents For Breaking Lockdown Restrictions

yellowdanfo

Destinee Lashaee: My 600lb Life’s First Transgender Dies

yellowdanfo

Zac Efron Confirms He Was Hospitalized After A ‘Serious Illness’

yellowdanfo

Queen Elizabeth II’s Coffin Arrives At Westminster Hall

yellowdanfo

COVID-19: Oil Majors To Establish 30-Bed Treatment Centre In Bonny

yellowdanfo

We can’t afford to fail on account of lawless acts – Mr Malami

yellowdanfo

Chimamanda Adichie mourns her friend and Kenya writer Wainaina

yellowdanfo

South-East Security Outfit Begins Operations In Ebonyi

yellowdanfo

PHOTO: Popular Nollywood Actress Omoni Oboli Bags Desmond Tutu Leadership Fellowship Award

yellowdanfo

Leave a Comment