Petroleum Pricing Committee Recommends Petrol Price Hike to N140

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The Petroleum Product Pricing Regulatory Agency (PPPRA) has advocated for an upward review in the price of petrol from 121.50 to N140.

The Agency said the petrol retail band for a litre of petrol will now be between N140.80 and N143.80.

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Although the agency is yet to give details of the new change in price it is speculated that this move is as a result of the suspension of subsidy payments on petroleum products in  the country.

 

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