The Petroleum Products Pricing Regulatory Agency PPPRA has cautioned oil marketers against distorting the approved pump price of Premium Motor Spirit, popularly known as petrol.
According to the agency, which is in charge of fixing the price of white petroleum products, petrol and kerosene, the approved cost of PMS at retail filling stations has not changed beyond one hundred and forty- five naira per litre.
The Executive Secretary, PPPRA, Abdulkadir Saidu, refuted the growing speculation of an imminent increase in the price of petrol and noted that the speculation was being made by some interest groups.
He therefore advised oil marketers to ensure that there was no price distortion in their respective retail outlets, adding that PPPRA would continue to carry out its oversight function of monitoring depots and filling stations across the country.
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