See Tweets Of FG Confirming The Reduction In Fuel Price From N145 To N125.

ANNOUNCEMENT: The official Price of Petrol in Nigeria is now N125 per Litre. A Price Modulation Mechanism is being introduced, to be managed by the Petroleum Products Pricing Regulatory Agency (PPPRA), to henceforth adjust the price in line with the market price of crude oil.

— Government of Nigeria (@NigeriaGov) March 18, 2020

JUST IN:

PMS PRICE ADJUSTMENT

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

Thread… pic.twitter.com/fTKqSz9tin

— NNPC Limited (@nnpclimited) March 18, 2020

2. Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.

— NNPC Limited (@nnpclimited) March 18, 2020

3. These reductions will therefore translate to N125/litre retail pump price.

— NNPC Limited (@nnpclimited) March 18, 2020

4. Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians.

— NNPC Limited (@nnpclimited) March 18, 2020