FG have reduced the price of fuel again, the new price will shock you (Read Details)

The Federal government through the Petroleum Products Pricing Regulatory Agency (PPPRA), has announced a reduction in the pump price of petrol.

A statement signed by the PPPRA Executive Secretary, Abdulkadri Saidu, says the new retail price of petrol would be N123.50 beginning from today April 1st.

The new price is N1.50 lower than the N125 per litre announced on March 18th.

However, the PPPRA, in line with the government approval for the monthly review of premium motor spirit (PMS) pump price, has hereby announces the guiding PMS pump price of N123.50 per litre. And the guiding price was stated to becomes effective from April 1, 2020, and it shall apply at all retail outlets nationwide for the month of April, 2020. Moreover, the PPPRA and other respective regulatory agencies will continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector. And all members of the public and all oil marketing companies are to be guided, accordingly. he said.

Remember that on March 18, 202. The Federal Executive Council had approved a reduction of petrol pump price from N145 to N125. After the slash of petrol pump price was announced, PPPRA announced that the federal government approved a monthly review of petrol price to reflect global crude oil market trends.

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