BREAKING: Petrol price rises to N212.61 in Nigeria
.NNPC subsidises with N42 per litre
By Eyo Nsima
The Petroleum Products Pricing Regulatory Agency, PPPRA, has fixed Nigeria’s petrol price at N212.61 per litre, for the month of March 2021, according to the PPPRA’s PMS guiding price, released to stakeholders, on March 11, 2021.
With the current pump price of N170 per litre, it means that the Federal Government, through the Nigerian National Petroleum Corporation, NNPC is still subsidising the product with N42 per litre.
In February 2021, the PPPRA had put the pump price at between N183.74 and N186.74 per litre, showing that the Federal Government paid an average of N16 per litre for PMS that month.
Also in January 2021, the PPPRA disclosed that the price of the commodity was between N163.36 per litre and N166.36 per litre.
.Details coming soon
