Petrol Price To Be Determined By Market Forces: PPPRA
June 5, 2020
9:04 am
Henceforth the price of petrol in Nigeria, will be determined by market forces, the Petroleum Products Pricing Regulatory Agency (PPPRA) said.
The agency said it has removed the cap on the price of the product also known as Premium Motor Spirit (PMS).
The agency made the disclosure in a document it released in Abuja on Thursday entitled, ββMarket Based Pricing Regime for Premium Motor Spirit (PMS) Regulations, 2020ββ.
The document was signed by its Executive Secretary, Mr Abdulkadir Saidu. It has the approval of President Muhammadu Buhari, who is also the oil minister..
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