Nigeria: Fuel Price Rises to N205, Under Recovery Hits N60/Litre

11 June 2018

The actual price of Premium Motor Spirit, PMS, also known as petrol, climbed to N205 per litre, according to documents obtained from the Petroleum Products Pricing Regulatory Agency, PPPRA.

What this means is that if the Federal Government deregulates the downstream petroleum industry today, petrol would be sold to motorists by petroleum marketers at N205 per litre.

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