The Petroleum Product Pricing Regulatory Agency (PPPRA) has announced an upward review of the retail pump price of petrol from the previous N121.50.

According to the agency, the recommended petrol retail band for a litre of petrol is now N140.80 – N143.80.

The agency said that the new ex-depot price includes the statutory charges of bridging fund, marine transport average, national transport allowance (NTA) and the administrative charge.

Details later…