FG removes petrol price cap, gives marketers freedom to fix price

The Petroleum Products Pricing Regulatory Agency, PPPRA, has removed the cap on the price of Premium Motor Spirit (PMS), also known as petrol, giving marketers the freedom to fix the price of the commodity and sell above the price stipulated by it.   In a statement titled, ‘Market Based Pricing Regime for Premium Motor Spirit (PMS) Regulations, 2020,’ and released today June 4, the PPPRA said that henceforth, the price of PMS would be determined by market forces.  Executive Secretary of PPPRA, Abdulkadir

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