The federal government has again reduced the price of petrol, setting the new price band for the product at between N121.50 and N123.50 per litre. In a circular to petroleum marketers, the government, through the Petroleum Products Pricing Regulatory Agency (PPPRA), said that the new template would be operational for the month of June. By the new release, according to the PPPRA, no marketer is allowed to sell above the higher price range of N123.50 for fuel. In the letter, with reference number: A.4/9/017/C.2/V/701, tagged, ‘Guiding Price for Premium Motor…
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