the recently approved pricing regime which became effective 19th March 2020 and
the provision for the establishment of a monthly price band within which
Petroleum Marketers are expected to sell PMS at the retail stations.
Petroleum Products Pricing Regulatory Agency (PPPRA) its memo titled
“A.4/9/017/C.2/IV/70131” announced the reduction of the pump price of the
Premium Motor Spirit (PMS) to N121.50 from N123 per litre.
also disclosed that the ex-depot price band is now N100.13 and N108.13 per
litre while ex-depot for collection is N108. 78 and N111.78 per litre for the
month of June.
were directed to comply and operate within the indicative prices.