Petrol to sell for N86 per litre from January,1 2016 – FG | This Is Miss Petite Nigeria Blog

Wednesday 30 December 2015

Petrol to sell for N86 per litre from January,1 2016 – FG

The Federal Government, yesterday, stated that effective January 1, 2016, petrol, would be sold at N86 per litre by the Nigerian National Petroleum Corporation, NNPC Retail stations.All other oil marketers would sell at N86.50 per litre.The new stance was made known in Abuja during a news conference by the Executive Secretary of the Petroleum Products Pricing Regulatory Agency, PPPRA, Mr. Farouk Ahmed.
He said the revised template,would be reviewed on quarterly basis and which would soon be presented to oil marketers.He said


“Since 2007, while crude oil price had been moving up and down, the template remained the same. This had made it necessary for us to introduce a mechanism whereby the template would be sensitive to the price of crude oil.
“However, the template is not static, as there would be a quarterly review and if there is any major shift, the Minister of State for Petroleum Resources would be expected to call for a review, either upward or downward, depending on the market condition.
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11 comments:

  1. BeeVee30 December 2015 at 07:09

    E no con sign me.

    ReplyDelete
    Replies
    1. Unknown30 December 2015 at 17:27

      Is this the change Buhari promised? 50kobo difference? And people were making noise about N46? smh!

      Delete
    2. Unknown31 December 2015 at 02:58

      Didn't you hear that Condom would be 30 Naira?

      Delete
  2. Unknown30 December 2015 at 07:11

    Ok oo! Let's see how it goes!

    ReplyDelete
  3. Olayemi30 December 2015 at 07:21

    Noted

    ReplyDelete
  4. same girl30 December 2015 at 07:21

    How much is petrol now sef? 87 naira. So, its 50,kobo difference
    in this Nigeria sef that filling stations will adjust meter. I hope DPR gets to work

    ReplyDelete
  5. Unknown30 December 2015 at 07:56

    MR EDDY said this heat wan kill person

    I dey here dey watch
    ^
    ^
    ^™THAT EDO BOY.COM~

    ReplyDelete
  6. Unknown30 December 2015 at 08:39

    Imo state will never sell petrol for N86 they are N140 per litre

    ReplyDelete
  7. Unknown30 December 2015 at 08:51

    It gonna get better

    ReplyDelete
  8. Jay30 December 2015 at 08:56

    okay o, we are waiting but i think this will lead to another labour strike o

    ReplyDelete
    Replies
    1. Unknown31 December 2015 at 03:00

      which labour? smh. Labour is in power now so no lele

      Delete



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