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LANDING COST OF FUEL HITS N210, PRICE HIKE IMMINENT

The landing cost of petroleum in Nigeria has hit an all time high of N210 per litre.

The increase is forcing the Petroleum Products Pricing Regulatory Agency (PPPRA) to consider reviewing the current fuel-pricing template, sources in the oil and gas industry say.

It’s believed that the governing board of the PPPRA is meeting today and sources say big on the agenda, would be the pump price of petrol.

This could cause the body to review upward the pricing template of the commodity. (BusinessDay)

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