Breaking News

JUST IN: FG Reduces Fuel Price To N123.50 Litre

Federal Government has announced a reduction of the pump price of the Premium Motor Spirit (PMS) otherwise know as fuel to N123.50 per litre.

According to the Petroleum Products Pricing Regulatory Agency (PPPRA), Executive Secretary, Mr. Abdulkadir Saidu, the new price takes effect from today, April 1, 2020.

In a statement in Abuja on Tuesday night, he said: “PPPRA, in line with the Government approval for a monthly review of Premium Motor Spirit (PMS) fuel price, hereby announces Guiding PMS pump price of N123.50 per Litre.

The Guiding price which becomes effective 1st April 2020, shall apply at all retail outlets nationwide for the month of April 2020.

READ ALSO: 100 Happy New Month Messages, Prayers And Wishes For April

“PPPRA and other relevant regulatory agencies shall continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector. Members of the Public and all Oil Marketing Companies are to be guided accordingly.”

The Federal Government had last month decreased the pump price from a maximum band of N145 per litre to N125 per litre consequent upon the decline of the crude oil prices.

Zaccheus Ukhueleigbe

Zackius Adeleke is a content provider, journalist, digital media strategist, inspired by the opportunity to learn new things.

Share
Published by
Zaccheus Ukhueleigbe

Recent Posts

Nigerian Govt Declares Public Holidays For Christmas, New Year

The Federal Government has declared Wednesday, Thursday and Jan.1, 2025 as public holidays. This was…

51 minutes ago

‘It’ll Boost Development’ -Matawalle Reacts To Lifting ban On Mining Activities In Zamfara

The Minister of State for Defence, Bello Matawalle, says the lifting of ban on mining…

2 hours ago

Epe Club 50th Anniversary: “The Boys” Unveil Luxurious Lounge

In a landmark event, Epe Club marked its 50th anniversary with the unveiling of a…

2 hours ago