NNPC To Sell Fuel For Less Than N145 - PPPRA

NNPC To Sell Fuel For Less Than N145 - PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced that NNPC retail outlets will sell fuel at prices lower than N145/litre.

This is the statement:

In furtherance of its mandate to ensure the efficient supply and distribution of petroleum products, the Petroleum Products Pricing Regulatory Agency, (PPPRA), hereby announces, effective immediately that the new price band for PMS shall be at a maximum of N145/litre. However, NNPC retail stations on the outskirts of major cities are advised to sell at price lower than N145/litre.

The PPPRA is responsible for moderating the prices of petroleum products in the petroleum industry. And so, commenced a modulation framework early this year, that would ensure the interest of the Nigerian Consumers and Marketers and improve the state of the economy.

The Agency's spokesperson further said:

PPPRA is conscious of the difficulties that Nigerians have been going through in the last few months and to ameliorate this situation, we shall continue to modulate pricing in accordance with prevailing market dynamics thereby ensuring fair value to all citizens.