The Federal Government has additionally marked down the cost of petroleum by N1.50 and it is currently to sell for N123.50 from this month.
As indicated by an announcement by the Executive Secretary of Petroleum Product Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, the organization stated: “PPPRA, in accordance with the administration endorsement for a month to month audit of Premium Motor Spirit (PMS) siphon cost, thusly reports Guiding PMS siphon cost of N123.50 per liter.
“The managing value, which becomes successful first April 2020, will apply at all retail outlets across the country for the long stretch of April, 2020.
“PPPRA and other significant administrative offices will keep on observing consistence to surviving guidelines for a practical downstream oil segment. Individuals from general society and all oil advertising organizations are to be guided in like manner.”
The PPPRA in the long stretch of March declared another cost of petroleum, lessening it from N145 to N125.