Nigeria: Again, Nigeria Slashes Petrol Pump Price

The Federal Government has announced a further reduction in the Premium Motor Spirit (PMS)’s pump price to N123.50 per litre.

The Petroleum Products Pricing Regulatory Agency (PPPRA)’s Executive Secretary, Abdulkadir Saidu, said the new price takes effect from today, April 1, 2020.

This is the second time the Federal Government would be reducing the pump price of PMS in two weeks.

It had announced a reduction in the pump price of PMS on 18th March, 2020 from N145 to N125 following the fall in the…

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