FG likely to further reduce petrol price – PPPRA

The continued fall in crude oil price may lead to a further cut in the pump price of petrol by the Federal Government any time soon, the outgoing Executive Secretary of the Petroleum Products Pricing Regulatory Agency, Mr. Farouk Ahmed, has said.

The PPPRA is the agency of the Federal Government that regulates and fixes prices for petroleum products in the country.

The agency had late December 2015 stated that the pricing template for petroleum products would be reviewed occasionally to reflect fluctuations in the price of crude oil in the international market.

The Punch

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