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BREAKING: FG reduces petrol pump price to N121.50

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.

Details shortly…

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