The Federal Government has reduced the price of petrol from N125.00 to N123.50 with effect from Wednesday, 1 April 2020.
This was disclosed by the Petroleum Products Pricing Regulatory Agency (PPPRA) in a statement issued by its executive secretary, Abdulkadir Saidu.
Saidu, in the statement, states: “PPPRA, in line with the government’s approval for a monthly review of Premium
“Motor Spirit pump price hereby announces guiding PMS pump price of N123.50 per litre. The guiding price, which becomes effective April 1, 2020, shall apply at all retail outlets nationwide for the month of April 2020.
“The PPPRA and other relevant regulatory agencies shall continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector.
“Members of the public and all oil marketing companies are to be guided, accordingly.”
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