Finally, PPPRA removes oil cap, marketers now to determine price

PPPRA, Oil price, Oil marketers

According to the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices,  gathered. On 19th March 2020, the government, through the PPPRA, commenced what it called a petrol pricing regime, whereby it releases bands showing upper and lower limits for the pump price of petrol monthly. It released petrol price bands for about three months although some operators faulted the decision as they…

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FG denies giving marketers power to fix petrol price

petrol landing cost

Contrary to information making round, the Federal Government has denied that it gave freedom to oil marketers in the country to fix the price of premium motor spirit (PMS), also known as petrol. A statement in Abuja on Sunday by the Petroleum Products Pricing Regulatory Agency (PPPRA) said the government had not conferred on marketers the power to fix petrol price, stressing that the new market-based pricing regime was still in force. Abdulkadir Saidu , the Executive Secretary, PPPRA, said the attention of the agency was drawn to several media…

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