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Breaking: FG increases petrol to N143.80

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The Federal Government has increased the pump cost of Premium Motor Spirit famously known as petroleum to N143.80 per liter.

The Petroleum Products Pricing Regulatory Agency (PPPRA) reported this on Wednesday.

It said another value band of N140.80 to N143.80 per liter will apply for petroleum.

The PPPRA, in a round dated July 1, 2020 to advertisers, stated: “After an audit of the predominant market essentials in the long stretch of June and thinking about marketers’ sensible working expenses, as much as practicable, we wish to exhort another PMS pump price band of N140.80-N143.80 per liter for the period of July 2020.

“All marketers are advised to operate within the indicative prices as advised by the PPPRA.”

The office on May 31, 2020 reported a value band of N121.50 to N123.50 per liter for the item.

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