Energy

Fuel price remains N145per litre – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA)  in a press statement has assure Nigerians that the subsisting pump price cap for Premium Motor Spirit(PMS) remains #145 per liter across the country.

The agency after observing the growing speculations on a purported imminent increase in pump price of PMS by 5naira per liter has dispelled this rumour and assuage the concerns of Nigerians.

In a report last week that 5naira tax for roads maintenance in the proposed National Road Fund Bill by the Senate would lead to an increase in pump price of PMS form its current price of #145 per liter. The proposed National Road Fund Bill by the Senate was met with an outcry and public lamenting on the attempt to increase fuel price.

The Senate President, Bukola Saraki in a statement said the #5 tax would be deducted from the current pump price of #145 per liter. He said further that there is no cause to lament as the recommendations would not result to any increase in price of fuel.

The Petroleum Products Pricing Regulatory Agency (PPPRA) as the agency of government saddled with the responsibility of regulating petroleum products pricing, supply and distribution as come out to assure Nigerians that fuel price remains #145 and also advised Nigerians to ignore the speculations on price increase.

PPPRA has assured Nigerians that in pursuant to its mandate, PPPRA shall not fail in its efforts geared towards ensuring products availability and at regulated price for the benefit of all.

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