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PUMP PRICE OF PETROL TO CHANGE TO N86.50 FROM JANUARY 1ST, 2015
"The Petroleum Pricing Regulatory Agency (PPPRA) in Nigeria has announced the implementation of the revised components of the Petroleum Pricing Template for Premium Motor Spirit (PMS).
In a statement by the Executive Secretary of the PPPRA, Mr Farouk Ahmed, the pump price was put at 86.50 Naira per litre, a price the agency said was in line with the prevailing market trend.
"The Petroleum Pricing Regulatory Agency (PPPRA) in Nigeria has announced the implementation of the revised components of the Petroleum Pricing Template for Premium Motor Spirit (PMS).
In a statement by the Executive Secretary of the PPPRA, Mr Farouk Ahmed, the pump price was put at 86.50 Naira per litre, a price the agency said was in line with the prevailing market trend.
“This new price regime is with effect from January 1, 2016,” the statement read.
According to Mr Ahmed, the reversed template was approved by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu."
SOURCE: CHANNELS TV.
According to Mr Ahmed, the reversed template was approved by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu."
SOURCE: CHANNELS TV.
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