The Petroleum Products Pricing Regulatory Agency said that the current open price market of the Premium Motor Spirit also known as Petrol as of November 15 was N 163. 68 .

The agency disclosed this in its Petroleum Products Pricing Template released on its website , on Monday in Abuja .

According to the template , the amount is N 18 . 68 higher than the N 145 price fixed by the Federal Government for the product to be sold at the petrol stations .

The template put the landing cost of the commodity at N 147. 95 per litre , while total distribution margins of N 19 . 37 per litre brings the total cost of the commodity to N 163. 68 per litre .

The PPPRA report noted that the cost of the commodity plus freight stood at 618 .47 dollars per metric tonne , an equivalent of N 141 . 54 per litre .

It added that the lightering expenses and Nigerian Port Authority ( NPA ) , charges stood at N 2 .75 and N 0 .84 per litre respectively.

The Nigerian Maritime Administration and Safety Agency ( NIMASA ) charges , according to the PPPR , stood at N 0 .22 per litre while the Jetty Throughput charge N 0 . 60 per litre and storage charge N 2 .00 per litre .
( NAN )

dre11:





https://punchng.com/open-market-price-of-pms-hits-n163-68-pppra/

helinues:
FG should do what they know best in tackling this greedy fuel marketers before making life miserable for average Nigerians during the festive season

Jabioro:
No individual or cooperate body are permitted ro import the product, you can bring AGO..FG is sole importer.. anything tht happened to pms hold her responsible ..

Wuxmadi:
It's much nah, make e no increase o

helinues:


So you mean Fg also hoard fuels?

ikevictor:
Anytime Christmas is approaching, they come up with new stories to hike fuel price.

Muslims will have theirs, everything will remain normal.

Very sad!!