Shocking As FG Increases Fuel Price To Over 140 Naira Per Liter

new pump price

Many Nigerians are shocked as the Federal Government announces an increase in the new pump price of Premium Motor Spirit, otherwise known as Petrol, to N143.80 per litre.

According to a monitored report, this was disclosed by Petroleum Products Pricing Regulatory Agency (PPPRA) in a circular dated Wednesday, July 1, 2020, to oil marketers,

The statement from the circular says, ‘’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 for a new PMS pump price band of N140.80-N143.80 per litre for the month of July 2020.’’

Details later.

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