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BREAKING: FG Reduces Petrol Pump Price To N121.50 - Politics - Nairaland

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Petrol Pump Price Reduced To N121.50 By FG / FG Reduces Petrol Pump Price To ₦121.50 / Special Report: How NASS Forced Buhari To Divert N121 Billion Meant For The Poor (2) (3) (4)

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BREAKING: FG Reduces Petrol Pump Price To N121.50 by Tissaia(f): 12:24pm On Jun 01, 2020
BREAKING: FG reduces petrol pump price to N121.50
Published June 1, 2020


‘Femi Asu


The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol.

The PPPRA, which is an agency of the Federal Government, disclosed this in a circular to fuel marketers dated May 31, 2020, which was obtained by our correspondent on Monday.

The sharp drop in crude oil prices on the back of the spread of coronavirus saw the landing cost of petrol hitting a record low in March, wiping off subsidy on the product.


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.

https://punchng.com/breaking-fg-reduces-petrol-pump-price-to-n121-50/?amp=1&__twitter_impression=true
Re: BREAKING: FG Reduces Petrol Pump Price To N121.50 by Nobody: 12:27pm On Jun 01, 2020
Good development even if it's still not the best
Re: BREAKING: FG Reduces Petrol Pump Price To N121.50 by Mynd44: 12:52pm On Jun 01, 2020

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