Petroleum Products Pricing Regulatory Agency (PPPRA) has decided to further reduce pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre.
The decision to reduce pump price of PMS was made known in a statement signed by its Executive Secretary, Abdulkadir Saidu, in Abuja on Tuesday night.
“PPPRA in line with the government approval for a monthly review of Premium Motor Spirit (PMS) pump price, hereby announces Guiding PMS pump price of N123.50 per Litre.
“The Guiding price which becomes effective April 1 2020, shall apply at all retail outlets nationwide for the month of April, 2020.”
He added that PPPRA and other relevant regulatory agencies would continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector.