The Petroleum Products Pricing Regulatory Company has revealed in a peculiar monthly template that the worth of Top class Motor Spirit, also acknowledged as petrol, has reached N212.6 per litre.
In response to the template which the PPPRA launched on Thursday, petrol is expected to sell at a lower retail label of N209.61 and at an upper retail label of N212.61 which is ceaselessly followed by marketers.
The expected ex-depot label as considered in the template is N206.42, whereas the touchdown label is N189.61.
The template, printed on Thursday evening, reveals that the retail label of petrol will likely be between market band of N209.61 and N212.61. Nigerian marketers generally sell at the upper band.
With ex-depot label standing at N206.42 per litre, the March template reveals that the touchdown label for petrol per litre is N189.61.
Right here is despite the Nigerian Petroleum Company announcing there obtained’t be any change in the worth of PMS in the month of March.
The NNPC had promised that petrol label would dwell static in March to allow peaceful negotiations between the manager and labour unions, but the PPPRA template follows the rising label of outrageous at the worldwide market as successfully as instability in exchange charge.