New fuel price band signals Nigeria’s gradual exit from subsidy regime
After decades of an opaque, flawed and corruption-laden petrol subsidy regime, a new pump price band advised by the Petroleum Products Pricing Regulatory Agency (PPPRA) that will see petrol price move from N123.50 to between N140.80 and N143.80 per litre this July, is being seen as Nigeria finally signalling its willingness to allow the market […]
Petrol sold above N130 in 17 states, says NBS
Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Following the sharp drop in global crude oil prices, the pump price of petrol, which is still being regulated by the government, was […]