An NNPC retail station at Ojudu Berger sold petrol at N123.50 per litre, while Enyo Retail, Isheri North sold at N123 per litre. Before the latest price modulation, the pump price band for PMS was N123.5 to N125/litre. All retail outlets were advised by the agency to operate within the price band for the month. The National Operations Controller, IPMAN, Mr Mike Osatuyi, had said members of the association would abide by the new price band but only after selling their old stock. He said, “As usual, when changes are made to petrol price, whether upwards or downwards, such changes are not automatically effected.

Source: Punch June 02, 2020 23:37 UTC