BREAKING: FG INCREASES PETROL PUMP PRICE TO N143.8 PER LITRE - TMnews Magazine Online

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BREAKING: FG INCREASES PETROL PUMP PRICE TO N143.8 PER LITRE

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In a circular dated July 1st, the downstream regulator said oil marketers are now expected to sell petrol within the price range of N140.80 and N143.80.
The circular reads in part;
“Please recall the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at the retail stations, based on the existing price regime.”
“After a review of the prevailing market fundamentals in the month of June and considering Marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price of N140.80 to 143.80/Litre for the month of July 2020.”

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