Petrol May Sell For N150 Per Litre As Marketers Seek Hike - SephoraNews- Nigeria Entertainment Blog SephoraNews- Nigeria Entertainment Blog: Petrol May Sell For N150 Per Litre As Marketers Seek Hike
Download Our Mobile App
For Questions, Inquiries, Click Here
Page - Follow us - Call us - Advertise - Mail Us


Wednesday, 5 August 2020

Petrol May Sell For N150 Per Litre As Marketers Seek Hike

Following increase in the prices of crude oil, marketers are pushing for the upward review of the Premium Motor Spirit (PMS) petrol N150 per litre for the month of August.


The Petroleum Products Pricing Regulatory Agency (PPPRA ) last month announced increase of the product to a band of N140.80 to N143.80 per litre.

It was the first time the agency approved a new price after removal of petrol subsidy.

Prior to the July 1 hike, the agency had on May 1, approved price band of N121.50 to N123.50 per litre for the product.

Meanwhile, a reliable source at the meeting today told The Nation that the marketers were seeking a further increase in the price owing to the soaring priced of crude oil in the international market.

The Brent Crude that sold for $43.24 per barrel in July sells for $44.03 per barrel.

She said: “We are now in the meeting to fix a new petrol price for the month of August.

“We are asking the PPPRA to approve N150 per litre because the prices of crude oil have increased and there is no subsidy on the product.

Copy the link below and Share with your Friends:

Download Our Official Android App on Google Playstore HERE
OR
Download from another source HERE



No comments:

Post a comment

DISCLAIMER: Comments made here does not reflect in anyway the opinion of Sephora News or its staff.
Send Your Story Here:
Sephoranews2@gmail.com
Info@sephoranews.com
Call/Whatsapp: +39 351 208 9016