PPPRA Denies Imminent Increase In Pump Price Of Petrol

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THE Petroleum Products Pricing Regulatory Agency (PPPRA), has denied any imminent increase in pump price of petrol.

The regulatory agency said it has observed the growing speculation on a purported imminent increase in the pump price of Premium Motor Spirit (PMS) by N5.00 per litre.

“The Agency hereby wishes to dispel this rumour and assuage the concerns of Nigerians.

“As the Agency of Government saddled with the responsibility of regulating petroleum products pricing, supply and distribution, we want to assure the Nigerian public that the subsisting pump price cap for PMS remains N145 per litre, across the country and as such, Nigerians should please ignore the speculation on price increase.

“We again wish to assure all Nigerians that pursuant to its mandate, the PPPRA shall not fail in its efforts geared towards ensuring products availability, and at regulated price, for the benefit of all,” the agency said in a statement signed by its Executive Secretary, Abdukadir U. Saidu.

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