Why Nigerians Misunderstood Fuel Pricing Notice – Regulator

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday said media reports about the increase in the pump price of Premium Motor Spirit, popularly known as petrol, were misleading.

The PPPRA, an NNPC subsidiary that regulates the price of petroleum products, had posted what it called ‘Guiding Prices’ on its website that put the price of petrol at N212, up from the current rate of N162.

The information caused a stir among many Nigerians who are still battling the crippling effects of the coronavirus pandemic on the economy.


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