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AGAIN, FG SLASHES OIL PUMP PRICE

Timipre Sylva
Minister of State, Petroleum


The PETROLEUM PRODUCTS PRICING REGULATORY AGENCY (PPPRA), in line with the Government approval for a monthly review of Premium Motor Spirit (PMS) pump price, has announced a Guiding PMS pump price of N123.50 per Litre.

The Guiding price which becomes effective 1st April 2020, shall apply at all retail outlets nationwide for the month of April, 2020.

A statement by the Agency’s Executive Secretary Abdulkadir Saidu said the review was in line with the falling price of crude oil in the International market.

The statement also said that the PPPRA and other relevant regulatory Agencies shall continue to monitor
compliance to extant regulations for a sustainable downstream petroleum sector.

It further called on members of the Public and all Oil Marketing Companies are to be guided accordingly.

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