The Federal Government through the Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new retail price band for oil marketers across the country.

In a circular dated July 1st, sighted by Igbere TV, the downstream regulator said oil marketers are now expected to sell petrol within the price range of N140.80 and N143.80.

“Please recall the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations, based on the existing price regime.

“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 of N140.80 to 143.80/Litre for the month of July, 2020,” the circular read in part.

9jaBlogger:

.....oil marketers are expected to sell petrol within the price range of 140.80 to 143.80.....

juvewalex:
Has oil price increased in world market or what's the local oil price increment based on if this report is true.

One will never understand Nigerian government and all these oil marketers with their dubious way

Nbote:
Nigerians will have sense by force... It had been obvious from last year dat dey were going to increase pump price of fuel.. Dey jus needed d perfect cover and excuse and along came covid which crashed oil prices in d international market.. Quickly dey slashed prices and claimed to have finally removed d subsidy on d product. By d time oil price stabilizes, den Nigerians will know d real deal