The Petroleum Products Pricing Regulatory Agency (PPPRA ) on Monday announced the reduction of the pump price of petrol to N121.50.
The Petroleum Products Pricing Regulatory Agency (PPPRA ) disclosed this in a circular to fuel marketers dated May 31, 2020.
The pump price of petrol, which is still being regulated by the Federal Government, was reduced to N125 per litre from N145 per litre on March 18, 2020, effective March 19.
The PPPRA further announced on March 31 a price band of N123.50 to N125 per litre, effective April 1.