PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre - Politics

PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre (37726 Views)

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PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by 9jaBlogger(op): 5:22pm On Jul 01, 2020

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.

https://igberetvnews.com/1356643/breaking-nigerian-govt-increases-price-petrol/

3 Likes 1 Share

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by SmartProf(m): 5:23pm On Jul 01, 2020

These are all evidences of when a government decides to punish it's people. Of what benefit is it to Nigerians that we are an oil producing nation? Meanwhile most of these top shots in government don't even use their monies to fuel their vehicles o, it's our national budget that fuels their vehicles and generators...what a shame!

224 Likes 6 Shares

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Realadey(m): 5:23pm On Jul 01, 2020

1 Like 4 Shares

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by greatmarshall(m): 5:23pm On Jul 01, 2020

Hmm

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Kriss216: 5:24pm On Jul 01, 2020

So, what will now happen to the small N300 fuel wey I dey manage for my I pass my neighbor generator now cry

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by YOUNGELDER1(m): 5:25pm On Jul 01, 2020

Naija government will give you with their left hand and take it back from you with their right hand angry

60 Likes

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by NwaNimo1(m): 5:25pm On Jul 01, 2020*

APC = Evil Fraudsters.....

90 Likes 2 Shares

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nobody: 5:25pm On Jul 01, 2020

okay o!

we all will enjoy it

everyone will buy so no problem.

increase prices under covid19

6 Likes

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by t12tosin: 5:26pm On Jul 01, 2020

Issorite

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by IduNaOba: 5:26pm On Jul 01, 2020

Osetiela!
By the time these All Pandemic Congress guys are through with naija ehn...
grin

49 Likes

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Crofton: 5:27pm On Jul 01, 2020

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by jlinkd78(m): 5:27pm On Jul 01, 2020

Nonsense

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Karlifate: 5:27pm On Jul 01, 2020

Meanwhile, the Minister of Petroleum Resources is in shock.

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by naijaboy756: 5:28pm On Jul 01, 2020

Lol

1 Like 1 Share

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by ifytrik(m): 5:28pm On Jul 01, 2020

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by GboyegaD(m): 5:31pm On Jul 01, 2020

Regulating the price of petrol doesn't pay and it makes no sense that petrol sells in Lagos and other states at the same price. It is an inefficient system and they should allow the market forces determine price. Their role should be ensuring adulterated petrol is not being sold and the measurements are accurate.

16 Likes 2 Shares

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by yemi002: 5:32pm On Jul 01, 2020

Nigeria leaders God is watching you

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by juvewalex(m): 5:32pm On Jul 01, 2020

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

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Karlifate: 5:33pm On Jul 01, 2020*

9jaBlogger:
.....oil marketers are expected to sell petrol within the price range of 140.80 to 143.80.....

This is for July, 2020.

By August 2020, it will increase to 145.80 per litre.

The price will be strategically increased to 145.00, this price range of 141.00 to 144.00 is just fronting.

NURTW will have a very good excuse to increase the transport fare now.

16 Likes 1 Share

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nbote(m): 5:35pm On Jul 01, 2020

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

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nobody: 5:36pm On Jul 01, 2020

No qualms whatsoever. After all, it is much easier 'Ruling' over Nigerians (hardworking youths especially) than ironing a pair of trousers.
Conquered citizens dedicated to errors.

5 Likes

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nobody: 5:37pm On Jul 01, 2020

Watch as they will quickly adjust their meters to this one.
But if it was reverse, they wouldn't keep same energy

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by doggedfighter(f): 5:59pm On Jul 01, 2020

Tough times

1 Like

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Xisnin(m): 6:01pm On Jul 01, 2020

These people can never let the oil sell at its true price.
They can't give up their proceeds of fraud through subsidy.

1 Like

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nairafame1: 6:12pm On Jul 01, 2020

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by obailala(m): 6:12pm On Jul 01, 2020

Oil price has risen over $40, what were people expecting? Govt to pay subsidy again?

2 Likes

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by kolafolabi(m): 6:13pm On Jul 01, 2020

Let's us keep suffering and smiling..
Change 2015 - 2019
Next level 2019 - 2023

21 Likes 1 Share

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by miqos02(m): 6:13pm On Jul 01, 2020

Lol

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by obailala(m): 6:14pm On Jul 01, 2020*

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

Of course that's what subsidy removal is all about. What exactly is dubious or shocking or confusing here?

Over a month ago, oil sold for about $20 and pump price was reduced to N123. Now oil price has risen over $40 and pump price has increased. If oil price rises further to say $80, pump price would surely rise again, except we want govt to resume paying subsidy.

The title of this report is actually misleading; government didn't increase oil price, rather pump price has just increased in line with global oil prices.

17 Likes 4 Shares

Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Racoon(m): 6:15pm On Jul 01, 2020

All the charade of reducing it to #121 was not even when the global prices were down but just to continue to masquerade the subsidy under-recovery nonsense.Now, the true is out or has global oil price increased again?

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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by streetcred10(m): 6:17pm On Jul 01, 2020

Confusion everywhere.

4 Likes

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