The Federal government has increased the pump price of petrol from N162.5 to N212.61 a liter, less than two weeks after assuring that there would be no hike.
The Petroleum Products Pricing Regulatory Agency (PPPRA) announced late Thursday that the retail price for a liter of petrol for
the month will be between N209.61 and N212.61.
According to the announcement of the new price by PPPRA said the ex-depot price, which is the amount sold by fuel depot owners to
marketers, will be N206.42, while the landing cost stands at N189.61 per liter, the agency said.