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PPPRA reduces petrol price to N123.50 per litre

Following the Federal Government approval for monthly review of PMS pump price, the Petroleum Products Pricing Regulatory Agency (PPPRA) has announced adjustments in the price of Premium Motor Spirit (Petrol).

According to a statement by the PPPRA Executive Secretary, Abdulkadir Saidu, the price of Premium Motor Spirit (PMS) from N125 per liter to N123.50 per liter.

Saudi further added that ex-depot price at N102.13 -N104.13 per litre, while ex-depot for collection is put at N109.78-N111.78 per litre.

He added that the new PMS price takes effect from June and other relevant regulatory Agencies will continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector.

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