FG Increases Fuel Pump Price To N143
The Federal Government has expanded the siphon cost of Premium Motor Spirit, otherwise called petroleum from N140.80 to N143.80 per liter.
The Petroleum Products Pricing Regulatory Agency (PPPRA) reported the addition in an announcement gave by its Executive Secretary, Abdulkadir Saidu on Wednesday.
“After an audit of the predominant market essentials in the long stretch of June and thinking about advertisers’ sensible working expenses, as much as practicable, we wish to prompt another PMS siphon value band of N140.80 – N143.80 per liter for the period of July 2020,” the announcement read.
“All advertisers are encouraged to work inside the characteristic costs as prompted by the PPPRA.”
In April, the Federal Government had declared a decrease of the petroleum siphon to N123.50 per liter.