A new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol has been announced
The Petroleum Products Pricing Regulatory Agency, PPPRA, an agency of the Federal Government, disclosed this in a circular to fuel marketers dated May 31, 2020.
The ravaging coronavirus pandemic saw the landing cost of petrol hitting a record low in March, wiping off subsidy on the product.
It is expected that PMS dealers would be magnanimous in reflecting the drop in their sales.
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