PPPRA jacks fuel pump price to N212.61 per litre

PPPRA jacks fuel pump price to N212.61 per litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed in a new monthly template issued on Friday, March 11, that the price of Premium Motor Spirit, also known as petrol, has reached N212.6 per litre.

1st News garnered that the template which the PPPRA released midnight revealed that petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers usually use the upper band for pump price.

The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.

With ex-depot price standing at N206.42 per litre; the March PPPRA template shows that the landing cost for petrol per litre is N189.61.

This is despite the Nigerian National Petroleum Corporation (NNPC) saying there won’t be any change in the price of PMS in the month of March.

PPPRA Template
PPPRA Template

The NNPC had promised that the petrol price would remain static in March; noting that this is to allow smooth negotiations between the government and labour unions.


However, the PPPRA template follows the increasing price of crude at the international market; as well as instability in the exchange rate.

Meanwhile, the Minister of Information and Culture, Lai Mohammed has assured that no state will be left out of the Digital Switch Over (DSO); the transition from analogue to digital broadcasting.

The minister gave the assurance on Thursday, March 11, in Abuja. He spoke at the unveiling of the timetable for the roll-out of the DSO across the country.

Mohammed who is the Chairman of the Ministerial Task Force overseeing the successful completion of the project; said a time-table had been approved for the first phase of the rollout as well as the analogue switch off.

“Before we embark on the analogue switch-off in any state; we will ensure that the Digital Terrestrial Television (DTT) signal has covered at least 70 per cent of the population in that state.

“The remaining 30 per cent will be covered by Direct-To-Home (DTH) satellite signal.

“Please note that once the analogue signal is switched off; no one on the system will receive television signals anymore,’’ he said.

Also Read: Buhari inaugurates NDDC Building, pledges development in Niger Delta

He said because of the topography of some areas like the Federal Capital Territory; the DTT signal could not effectively cover such areas.

The minister said in such cases, they would deploy DTH satellite signals to areas not covered by DTT signals.


Related posts

Leave a Reply

Your email address will not be published.