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PPPRA EXPLAINS ALLEGED INCREASE

The Petroleum Products Pricing Regulatory Agency , PPPRA in reaction to the alleged increase in the Pump price of Petrol authorized by it , says the information is false and misleading.

A statement by the Agency’s Executive Secretary, Abdulkadir Saidu emphatically stress that even though the guiding prices posted on its website was a reflection of an upward price trend following current market fundamentals, it is not a categorical statement of an increase in the pump price of Petrol.

In carrying out its mandate of monitoring and keeping the downstream sub-sector vibrant, the PPPRA assures the Public that there is adequate product Supply of more than 35 days sufficiency and no need for anxiety and panic buying of Petrol.

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