The Federal Government has again reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 with effect from Wednesday, April 1, 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, explained that in line with the government approval for a monthly review of PMS pump price, PPPRA announced the new price.
It stated, “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.”
Details later …
