Just in pppra concurs with nnpc fixes pms price at n125 per litre
It seems like you're referring to a recent development in the Nigerian oil and gas sector. Here's a breakdown of what I understand:
- PPPRA stands for Petroleum Products Pricing Regulatory Agency, which is a regulatory body responsible for regulating the prices of petroleum products in Nigeria.
- NNPC stands for Nigerian National Petroleum Corporation, which is the state-owned oil company responsible for the exploration, production, and distribution of oil and gas in Nigeria.
- PMS stands for Premium Motor Spirit, which is the popular name for petrol in Nigeria.
According to your statement, PPPRA has concurred with NNPC to fix the price of PMS at N125 per litre. This means that the two entities have agreed on a uniform price for petrol in Nigeria, which is N125 per litre.
It's worth noting that the price of petrol in Nigeria is usually adjusted periodically based on various factors such as the global price of crude oil, exchange rates, and other market conditions. The PPPRA and NNPC work together to determine the price of petrol in Nigeria, taking into account these factors.
I hope this helps clarify the situation. If you have any further questions or would like more information, please feel free to ask!