Sunday, April 3, 2016 2:48 pm
The Petroleum Products Pricing Regulatory Agency (PPPRA) said the NNPC would have 41.73 per cent allocation for supply of Premium Motor Spirit in the second quarter.
” The NNPC has 41.73 per cent of the total allocation, while the rest of the oil Marketing Companies got a total allocation of 58.27 per cent.”, Lanre Oladele, head of PR for PPPRA said.
According to Oladele, the Acting Executive Secretary of PPPRA, Mrs. Sotonye Iyoyo, says the agency will retain the retail prices of N86.00 for the NNPC, and N86.50 for the other Marketing companies.
He added that the pump price of Household Kerosene (HHK) would also remain unchanged from what it was in the last quarter.
“Therefore, marketers are advised to ensure that there is no price distortion in their respective retail outlets.”