Just In: FG Increases Fuel Pump Price to N212.61 per Litre

The federal government has increased the pump price of petrol to N212.61 a litre, less than two weeks after assuring that there would be no hike.

The Petroleum Products Pricing Regulatory Agency (PPPRA) announced late Thursday that the retail price for a litre of petrol for the month will be between N209.61 and N212.61.

The ex-depot price, which is the amount sold by fuel depot owners to marketers, will be N206.42, while the landing cost stands at N189.61 per litre, the agency said.