BREAKING NEWS: Fuel Pump Price Reduced

The Petroleum Products Pricing
Regulatory Agency (PPPRA),
hereby announces the
implementation of the revised
components of the Petroleum
Pricing Template for Premium
Motor Spirit (PMS) and Household
Kerosene (NHK).
This follows the approval of the
Minister of State for Petroleum
Resources, Dr. Ibe Kachikwu, for
the implementation of the revised
template.
Accordingly, the Ex-depot price of
PMS shall be N77.00 per litre,
while the pump price shall be
N86.50 per litre in line with the
prevailing market trend. This new
price regime is with effect from 1st
January 2016.
All Marketers are hereby advised
to adhere strictly to the PPPRA Ex-
depot and pump prices, as PPPRA
in conjunction with relevant
government agencies shall enforce
compliance.