#Fuelpricehike: PPPRA says no increase in fuel price
The PPPRA has insisted that there is no increase in the pump price of petrol in the country.
The PPPRA has insisted that there is no increase in the pump price of petrol in the country.
PPPRA deleted an earlier published template announcing that the new price of petrol has reached N212.6 per litre.
FG, following its estimation claims alternatives to petrol, could be much cheaper.
Experts give their views as Nigerians grapple with the effects of an increase in petrol pump price.
The PPPRA added that the price of petrol will be determined by the forces of demand and supply.
The ex-depot price is the price at which depot owners sell petroleum products to retail marketers.
Kerosene would be sold for N160 at depots and diesel is set at N160 per litre in Lagos.
Petrol subsidy gulped N101.65bn in the first three months of the year.
“After a review of prevailing market fundamentals in the month of May and considering marketers realistic operating costs as much ...
The Federal Government has reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 ...