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PPPRA Increases Petrol Pump Price To N212.61 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday revealed in a new monthly template that the price of Premium Motor Spirit (PMS) also known as petrol is now N212.6 per litre.

According to the template which the PPPRA, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61 which is usually followed by marketers.

The expected ex-depot price as seen in the template is N206.42, while the landing cost is N189.61. This is despite the Nigerian Petroleum Corporation saying there won’t be any change in the price of PMS in the month of March.

With ex-depot price standing at N206.42 per litre, the March template shows that the landing cost for petrol per liter is N189.61.

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