Other Pages
- Opinion Poll
- About Us
- Send Your Story
- Contact Us
- Newsletter
- Privacy Policy
- Terms and Conditions
The Muhammadu Buhari-led federal government has announced an increase in the pump price of petrol to N212.61 a litre.
The federal government had two weeks ago denied plans to increase the petrol price in the country.
But the Petroleum Products Pricing Regulatory Agency (PPPRA) announced on its website late Thursday that the retail price for a litre of petrol for the month will be between N209.61 and N212.61.
According to the PPPRA, the ex-depot price, which is the amount sold by fuel depot owners to marketers, will be N206.42, while the landing cost stands at N189.61 per litre.
READ ALSO: N-Power News Today 2021 March: Batch C Latest
There had been concerns that the government, which says it has deregulated the sector and no longer pays subsidy, would raise rates as crude oil prices have seen a rebound in the global market.
The latest increment in pump price is expected to impact the cost of goods and services, making it harder for more people to afford food and other basic needs.
0 Comment(s)