The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new price band of N140.80 to N143.80 per litre for petrol (Premium Motor Spirit) for marketers across the country.

The new price for July may have been dictated by the rise in global crude oil prices as part of the price modulation role of PPPRA following the deregulation of the downstream sector.
PerSecondNews recalls that the Group Managing Director of NNPC, Mr Mele Kyari had in February announced the removal of petrol subsidy.

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