With effect from January 1, 2016, petrol will sell for N86.50 per litre, as the Petroleum Products Pricing Regulatory Agency’s (PPPRA) yesterday announced a 50 koko reduction in the pump price. At present, the official price of petrol is N87.
A press statement by Farouk Ahmed, executive secretary of the PPPRA, announcing this said:
“The Petroleum Products Pricing Regulatory Agency (PPPRA) hereby announces the implementation of the revised components of the Petroleum Products Pricing template for Premium Motor Spirit (PMS) and Household Kerosene (HHK).
“This followed the approval of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, for the implementation of the revised template.
“The major components of the pricing template affected by this review are Traders Margin, Lightering Expenses, Nigerian Ports Authority, Jetty Throughput and Storage Charges, as well Bridging Fund. Other components revised include Retailers’ Transporters and Dealers Margin.
“Accordingly, the ex-depot price of PMS shall be N77.00kobo/litre, while the pump price shall be N86.50kobo/litre in line with the prevailing market trend. This new price regime is with effect from January 1, 2016. All marketers are hereby advised to adhere strictly to the PPPRA-approved ex-depot and pump prices, as the PPPRA, in conjunction with relevant government agencies, shall enforce compliance.”
Drop your comments: Post your comments below, and chose your sign in format like google account with gmail. Alternatively if you dont want to sign in, you can choose the name/url or open ID option amid other formats of contribution.
Follow Joshua Osagie on facebook Global audience / facebook Nigerian audience / facebook personal account / facebook (fan page)/ and twitter
 |
| ADVERTISE WITH THE FOREFRONT: +234-803-698-6103. For more details CLICK HERE NOW |
Excellent online shopping of numerous items (electricals, electronics, computers, tablets, phones, wears, etc) with Konga Nigeria. Ease yourself the stress of conveyance get your item(s) delivered to you at your doorstep. Shop with them; check them out here>>> KONGA
No comments:
Post a Comment
Disclaimer!!! Opinions expressed in comments do not represent THE FOREFRONT MEDIA NG's views. All participants are entitled to their opinions. Thank you!!!
Advertise on the Forefront: For advert placement in the blog or advert posts like news updates, reach +2348124620827 [WhatsApp].
Copyright 2023 The Forefront Media Ng. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from The Forefront Media Ng