Posted on: 09:26 Wed, 30 Dec 2015



A statement by the Petroleum Products
Pricing Regulatory Agency (PPPRA) lists
the the pump price of petrol effective
from January 1, 2016.

The price will be N86.50 per litre.

BN News received the statement
which was signed by the PPPRA
Executive Secretary, Farouk Ahmed .

The Petroleum Products Pricing
Regulatory Agency (PPPRA), hereby
announces the implementation of
the revised components of the
Petroleum Pricing Template for
Premium Motor Spirit (PMS) and
Household Kerosene (NHK).

This follows the approval of the
Minister of State for Petroleum
Resources, Dr. Ibe Kachikwu, for
the implementation of the revised
template.

Accordingly, the Ex-depot price of
PMS shall be N77.00 per litre,
while the pump price shall be
N86.50 per litre in line with the
prevailing market trend. This new
price regime is with effect from 1st
January 2016.

All Marketers are hereby advised
to adhere strictly to the PPPRA Ex-
depot and pump prices, as PPPRA
in conjunction with relevant
government agencies shall enforce
compliance.