The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday said it will start the modulation of petroleum products prices on a monthly basis as from April 1.
Channels Tv reports that the PPPRA Executive Secretary, Mr Abdulkadir Saidu, made this know at a press conference.
He said the price modulation will be determined by market forces, including the price of crude oil.
The PPPRA said it will hold several engagements with petroleum marketers in a bid to secure their buy-in as the prices of their products fluctuate based on market forces.
According to the Channels Tv, Some petrol stations in the nation’s capital have started complying with the federal government’s directive to adjust the pump price of premium motor spirit to N125 per litre, Channels TV can report.
Our crew, which went round Abuja, however, discovered that some stations are still dispensing at N145 per litre.
