BEVERLY HILLS, March 20, (THEWILL) – The Petroleum Products Pricing Regulatory Agency (PPPRA) has said it will start the modulation of petroleum products prices on a monthly basis as from April 1.
This was disclosed by PPPRA Executive Secretary, Abdulkadir Saidu, at a press conference, where he revealed that the price modulation will be determined by market forces, including the price of crude oil.
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It said it will hold several engagements with petroleum marketers in a bid to secure their buy-in as the prices of their products fluctuate based on market forces.
THEWILL recalls that the federal government recently adjusted the pump price of premium motor spirit to N125 per litre from N145 per litre.
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