A statement by the Petroleum Products Pricing Regulatory Agency (PPPRA) lists the pump price of petrol effective from January 1, 2016.

The price will be N86.50 per litre.

The statement was signed by the PPPRA Executive Secretary, Farouk Ahmed.

"The Petroleum Products Pricing Regulatory Agency (PPPRA), hereby announces the implementation of the revised components of the Petroleum Pricing Template for Premium Motor Spirit (PMS) and Household Kerosene (NHK)."

This follows the approval of the Minister of State
for Petroleum Resources, Dr. Ibe Kachikwu, for the implementation of the revised template.

Accordingly, the Ex-depot price of PMS shall be N77.00 per litre, while the pump price shall be N86 per litre in line with the prevailing market trend. This new price regime is with effect from 1st January 2016.

All Marketers are hereby advised to adhere
strictly to the PPPRA Ex-depot and pump prices,
as PPPRA in conjunction with relevant
government agencies shall enforce compliance.

Nairalanders, what do you think of this "new" price?
Even when the pump price was N87, filling stations always mostly sold it @ at least N90. Don't know about you, but that was my experience.

My side sev no fuel atall even if na 150 per litre

Ask your minister of petroleum. That nigga boo-harry