Connect with us

Headlines

FG Increases Petrol Price Again, Highest Since 2015

Published

on

What Crude Sales To Dangote Refinery Will Do To Petrol Price - Oil Marketers

Petrol price has again been increased by FG, highest price since 2015.

According to the statement released by the PPPRA, the regulators said the landing cost of petrol in March would be N189.61 per litre as against N163.74 in February.

BREAKING: FG Increases Petrol Price Again, See New Price Per Litre

PPPRA template for March petrol price.

NewsOne Nigeria reports that the PPPRA has been setting guidelines for petrol sales since the Buhari administration announced partial deregulation of the oil sector, but the government maintains control of policies that determine ultimate retail costs.

The new petrol price come barely a day after President Buhari promised to return fuel price to below N100 for Nigerians.

President Buhari met the petrol price at N87 per litre when he assumed office in 2015, and has increased it periodically ever since, despite appeals from Nigerians that the biting costs would worsen inflation and living conditions for a country already designated as the world’s poverty capital.

Facebook Comments