The Petroleum Products Pricing Regulatory Agency (PPPRA) has finally bowed to pressure from Nigerians as it deletes a petrol pricing template announcing an increase in the retail price of petrol.
“PLEASE BE INFORMED THAT PUBLISHED PRICES ARE ONLY INDICATIVE OF CURRENT MARKET TRENDS,” Petroleum Products Pricing Regulatory Agency said on Friday after deleting the template.
Nigerians had kicked against the recent increment on the Petroleum price.
The template, published on its website on Thursday night, was deleted on Friday morning amid the outrage over the price increase.
The template had said the recommended retail price is between N209.61 and N212.61 per litre. The landing cost of petrol was put at N189.61.
The ex-depot price, which is the rate marketers get the product, was fixed at N206.42.
However, the Nigerian National Petroleum Corporation (NNPC) insisted that Fuel price won’t be increased.
Fuel Hike: NNPC insists on no increase in fuel price, Counters PPPRA
