The Nigeria Government earlier on March 18 reduced the pump price of PMS from N145 to N125 per litre. However the FG yesterday announced further reduction of the pump price of fuel in the country.
It said that the product has been reduced from N125 to N123.50k per litre. The new rate is set to take effect from Wednesday, April 1st, 2020.
The executive secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Saudi Abdulkadir assured that PPPRA and other regulatory agencies would monitor compliance of sellers to the current price.