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.
ALSO READ: UPDATE: FG Approves Reduction Of Petrol Price, Price Now N125/liter
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.
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THEWILL recalls that the federal government recently adjusted the pump price of premium motor spirit to N125 per litre from N145 per litre.
