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Price to hit ₦443 per litre – NMDPRA

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The Nigerian midstream and downstream regulatory authority has revealed that Nigerians will pay as much as N443 for a litre of Premium motor spirit PMS if the product is deregulated.

The executive director, Finance and account of the company Abiodun Adeniji made this known while presenting the agencies projections for the 2023-2025 medium term expenditure framework before the House of Representatives committee on Finance.

Adeniji further explained that the daily depot truck out from January to August 2022 stands at 62.9 million litres daily.

The lawmakers were however not satisfied with what they described as conflicting figures been dished out by different government agencies on the average litres of PMS been evacuated daily.




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