Survivor  fund Youth Investment Fund Portal Immigration Recruitment Lagos State Graduates Internship Placement Programmes

COVID-19: FG reduces petrol pump price to N123.50 litre

1 min


COVID-19: FG reduces petrol pump price to N123.50 litre

COVID-19: FG reduces petrol pump price to N123.50 litre

The Federal Government has announced a reduction of the pump price of the Premium Motor Spirit (PMS) to N123.50 per litre.

According to the Petroleum Products Pricing Regulatory Agency (PPPRA), Executive Secretary, Mr. Abdulkadir Saidu, the new price takes effect from today, April 1, 2020.

In a statement in Abuja on Tuesday night, he said: “PPPRA, in line with the Government approval for a monthly review of Premium Motor Spirit (PMS) 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. Members of the Public and all Oil Marketing Companies are to be guided accordingly.”

READ ALSO  COVID-19: We've Aligned With FG To Provide Two-Month Free Electricity To Nigerians Nationwide — DisCos

The Federal Government had last month decreased the pump price from a maximum band of N145 per litre to N125 per litre consequent upon the decline of the crude oil prices.




Ads

More News Today

Share With Your Friends


Like it? Share with your friends!

Jake Clifford

Jake Clifford is a Nigerian Born blogger and a fast growing Journalist, whose aim is to inform Nigerians with happening across Nigeria. Send story tips to him via [email protected] or

Comments

comments

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Choose A Format
Story
Formatted Text with Embeds and Visuals
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Personality quiz
Series of questions that intends to reveal something about the personality