The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol.
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The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue.
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140. Chinedu Okworonkwo, national president of the association, made this known in a statement released on Sunday. According to the statement, which was signed by Bashir Dan-Malam, chairman of the association’s Kano chapter, the price slash will …
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