Sunday, 3 April 2016

PPPRA react to reports of increase in pump price of petrol

As the fuel scarcity being experienced all over the country persist, the Petroleum Products Pricing Regulatory Agency, PPPRA, says there is no plan to increase the official pump price of petrol in the country. 
In a statement released today April 3rd, the Acting Executive Secretary of PPPRA, Sotonye Iyoyo, said it will retain the retail prices of N86.00 for the NNPC, and N86.50 for the other Marketing companies.
The statement advised marketers to ensure that there is no price distortion in their respective fuel stations. The regulatory body dismissed rumors making the rounds of an increase in pump price.
“PPPRA is resolutely committed to the sustenance of its reform initiatives, in order to further guarantee adequate supply of products nationwide. We therefore assure Nigerians of our total commitment to service delivery, in the quest to deliver on our mandate to the people of Nigeria,” the statement said.

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