Friday 1 April 2016

PETROL MAY SELL FOR N88 PER LITRE FROM TODAY

Ibe Kachikwu, Minister of State for Petroleum while answering questions from the Senate Committee on Petroleum Downstream on the lingering fuel scarcity in the country at National Assembly Abuja on Tuesday 29/03/16.Photo Ladidi Lucy Elukpo. Amid the lingering fuel crisis in the country, there were indications yesterday from the Petroleum Products Pricing Regulatory Agency (PPPRA) that the product may be sold for N88 per litre at the Nigerian National Petroleum Corporation (NNPC) stations and N88.50 in other stations starting from today.

Until this new template, the NNPC’s official price for a litre of fuel was N86 while for others it was N86.50. The new price mechanism that is expected to take effect today is a requirement of price modulation system that is reviewed every quarter.

Read more @ The Guardian

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