Nigeria: PPPRA - Petrol to Cost N140 Per Litre

Based on the average prices for the month of December, 2011, the exchange rate and other indices used to determine the price of petrol by the Petroleum Products Pricing Regulatory Agency (PPPRA), Nigerians will have to pay as much as N140 per litre for petrol when the subsidy on the commodity is removed. It is what the PPPRA recommends as the open market price, as against the current price of N65 per litre. The PPPRA stated this on its website. Source