The government has proposed an increase in fuel price that will now see Nigerians pay between N140.80 and N143.80 kobo per litre. The new fuel price was initiated by the Petroleum Product Pricing Regulatory Agency (PPPRA), the price regulator of the Nigerian oil industry.

The new price means fuel will no longer be sold at the previous price of N121.50 kobo. In a statement signed by the Abdulkadir Saidu, PPPRA executive secretary, and seen by AllNews, the regulator said, “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... https://allnews.ng/news/more-woes-for-nigerians-as-pppra-increases-fuel-price