The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre.
This was contained in a statement signed on Tuesday by its Executive Secretary, Abdulkadir Saidu.
According to the statement, the new price takes effect from April 1, 2020.
“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 April 1, 2020, shall apply at all retail outlets nationwide for the month of April 2020.”
The statement also warned members of the public and all Oil Marketing Companies to be guided accordingly.