Following the progress recorded in the payment of outstanding subsidy claims to Oil Marketing & Trading (OM & T) companies, which has resulted in improvement in the supply of products, the hike in the ex-depot price and official pump price of Premium Motor Spirit (PMS) is yet to be reversed by the marketers, THISDAY investigation has revealed.
THISDAY gathered that since December 17, 2012, the Petroleum Products Pricing Regulatory Agency (PPPRA) has pegged the prevailing expected market price of imported petrol at N144.66 per litre.
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