PPPRA Releases Advised Price for PMS for the Month of July 2020; Raises Pump Price to N140

Wednesday, July 01, 2020 / 06:10 PM / by PPPRA / Header Image Credit: Daily Post

Please recall the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations, based on the existing price regime.

After a review of the prevailing market fundamentals in the month of June and considering Marketers' realistic operating costs, as much as practicable, we wish to advise a new PMS pump price band of N140.80 -N143.80/Litre, for the month of July, 2020.

Kindly note that the Ex-depot for collection includes the statutory ener charges of Bridging Fund, Marine Transport Average, National Transportigre Allowance (NTA) and the Administrative charge.

All Marketers are advised to operate within the indicative prices as advised by the PPPRA.

Related Link

1. PPPRA Removes Existing PMS Price Cap; Commences Market Based Pricing Regime

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