The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced Guiding pump price of Premium Motor Spirit (PMS) from N121. 50 to N123.50 per liter for major oil marketers and independent marketers for the month of June.
The PPPRA also announced that ex-depot price at N102.13 -N104.13 per liter, while ex-depot for collection is put at N109.78-N111.78 per liter.
The adjustment is in line with the Government’s approval for a monthly review of Premium Motor Spirit (PMS) pump price.
In a statement on Monday, the PPPRA Executive Secretary, Abdulkadir Saidu, revealed that the Guiding price comes into effect on June and is expected to apply at all retail outlets nationwide for the month of June.
He stated that PPPRA and other relevant regulatory Agencies will continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector.
“Members of the Public and all Oil Marketing Companies are to be guided accordingly,” Saidu noted.