The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced the reduction of the retail pump price of [Premium Motor Spirit [PMS], other wise known as petrol, to N121.50 per litre from the present N123 per litre.
PPPRA broke the news on Monday in a brief statement.
The Federal Government agency had set new PMS pump price at N123.5 per litre which took effect from April 1, 2020, in a statement issued March 31.
A petrol user, however, anonymously complained that the previous N123 was never implemented by PPPRA.
He expressed hope that the N121.50 per litre will be implemented speedily.