Nigeria

FG Slashes Petrol Price Further To ₦123.5/litre

Pinterest LinkedIn Tumblr

The Federal Government has further reduced the price of petrol to ₦123.5 per litre.

BREAKING: FG Reduces Fuel Price To N130/Litre

Current petrol price indicates a reduction of N1.5 on every litre of petrol purchased nationwide.

It announced the reduction through the Products Pricing Regulatory Agency, after a whole day meeting with stakeholders in the oil and gas sector in .

Announcing the reduction, the Executive Secretary of the PMS pricing regulator, Abdulkadir Saidu, said, “PPPRA, in line with the government 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 1st April 2020, shall apply at all retail outlets nationwide for the month of April 2020. PPPRA and other relevant regulatory agencies shall continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector.”

It added, “Members of the public and all oil marketing companies are to be guided accordingly.”

Adelowo Adegboyega
Link Up
OduNews on Google News

Submit press release, news tips to us: [email protected]om | Follow us @ODUNewsNG