The Petroleum Products Pricing Regulatory Agency on Tuesday increased the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020.
Oil marketers stated that based on the latest increase in ex-depot price, the pump price of Premium Motor Spirit, popularly called petrol, could be between N149/litre and N150/litre this month.
The Vice President, Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, told our correspondent that the PPPRA, however, did not tell marketers the new pump price for petrol. Maigandi added, “With the N6/litre increase in ex-depot price, the projection is that the pump price will be around N149/litre or N150/litre, based on our usual computations.”The spokesperson of the PPPRA, Kimchi Apollo, did not answer calls when contacted on the matter on Wednesday evening, but had earlier told our correspondent that the agency had yet to complete its work on a new pump price for petrol.
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