Fuel Pump Price To Be Determined Monthly By Market Forces– PPPRA
LAGOS MARCH 21ST (NEWSRANGERS)-The Petroleum Products Pricing Regulatory Agency (PPPRA) has said it will start the modulation of petroleum products prices on a monthly basis as from April 1.
This was disclosed by PPPRA Executive Secretary, Abdulkadir Saidu, at a press conference, where he revealed that the price modulation will be determined by market forces, including the price of crude oil.
It said it will hold several engagements with petroleum marketers in a bid to secure their buy-in as the prices of their products fluctuate based on market forces.
It will be recall that the federal government recently adjusted the pump price of premium motor spirit to N125 per litre from N145 per litre.
Short URL: https://newsrangers.com/?p=46079
Posted by News Rangers
on Mar 21 2020. Filed under National.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
