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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