By Gift Olivia Samuel, The Sight News
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced Guiding pump price of Premium Motor Spirit (Petrol) from N125 to N123.50 per litre.
The adjustment, The Sight News gathered, is in line with the Government’s approval for a monthly review of Premium Motor Spirit (PMS) pump price.
Making this known in a statement on Tuesday, the PPPRA Executive Secretary, Abdulkadir Saidu, revealed that the Guiding price which becomes effective 1st April 2020, is expected to apply at all retail outlets nationwide for the month of April, 2020.
He stated that PPPRA and other relevant regulatory Agencies will 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”, Saidu noted.