The Petroleum Products Pricing Regulatory Agency, PPPRA, has announced the reduction of the price of Premium Motor Spirit, also known as petrol to the band of N121.50 to N123.50 per litre.
The PPPRA, which is an agency of the Federal Government, made the announcement in a circular to fuel marketers dated May 31, 2020.
Recall that the Federal Government due to the coronavirus pandemic had reduced the pump price of petrol on March 18, 2020 to N125 per litre from N145 per litre.