The Pump Price Of Petrol Has Now Been Reduced From N125.00 To N123.50 Per Litre From Today, April 1, 2020 – PPPRA Declares

The Petroleum Product Pricing Regulatory Agency,  PPPRA, has further reduced the pump price of Premium Motor Spirit, PMS, from the current N125.00 to N123.50 per litre.

In a statement, the Agency said that the development is in line with the government’s approval for a monthly review of PMS pump price, and thereby announced the guiding PMS pump price of N123.50 per litre.

The guiding price which becomes effective from 1st April, 2020, shall apply at all retail outlets nationwide, for the month of April, 2020.

According to the statement, 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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