FG reduces fuel price to N121.50 per litre

June 2, 2020
15 Views

The Petroleum Products Pricing Regulatory Agency 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.

Source – The Punch

You may be interested

Lawmaker And 2 Council Bosses Arrested For Allegedly Stealing N104 million
News
5 views
News
5 views

Lawmaker And 2 Council Bosses Arrested For Allegedly Stealing N104 million

Webby - July 8, 2020

The corrupt officials arraigned by the EFCC Three elected politicians, Jedua Ahmed Dawud, Oliver Wubon and Joseph Danladi John have…

Fallen Tanker Explodes While People Were Scooping Fuel From It (Video)
News
1 views
News
1 views

Fallen Tanker Explodes While People Were Scooping Fuel From It (Video)

Webby - July 8, 2020

 Tanker exploded while people were scooping fuel A video has surfaced on social media showing the troubling time a fallen fuel…

Senate Passes Sexual Harassment Bill To Punish Randy Lecturers
News
1 views
News
1 views

Senate Passes Sexual Harassment Bill To Punish Randy Lecturers

Webby - July 8, 2020

Senate Passes Sexual Harassment Bill To Punish Randy Lecturers The Senate on Tuesday passed a bill seeking to stop sexual…

Leave a Comment

Your email address will not be published.