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 as practicable, we wish to advise...
The Federal Government has reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 with effect from Wednesday, April 1,...
FG said that they might be reviewing the pump price of Premium Motor Spirit (PMS), popularly referred to as petrol by April 1.
Oil marketers in the country have outlined conditions that will facilitate their involvement in fuel importation.
Reports state that fuel marketers under the aegis of MOMAN and IPMAN have called on the FG through the PPPRA to raise their margins on petrol...