Less that a month after reducing fuel price to N125 from N145, the federal government of Nigeria has announced a further reduction to N123.50, NEWS FLAKES NG authoritatively reports.
This was made public by Bashir Ahmad, presidential aide on new media.
According to Mr Bashir, this is in line with the price modulation that was set up by the current administration recently.
FLASH: THE PPPRA, IN LINE WITH THE FEDERAL GOVERNMENT APPROVAL FOR A MONTHLY REVIEW OF PREMIUM MOTOR SPIRIT (PMS) PUMP PRICE, ANNOUNCES GUIDING PMS PUMP PRICE OF N123.50 PER LITRE.
THE NEW PRICE TAKES EFFECT FROM TODAY, APRIL 1, 2020.
READ MORE ON @PPPRATWEETS’ TIMELINE.
1:18 AM – Apr 1, 2020
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Meanwhile, a recent release from the Petroleum Products Pricing Regulatory Agency (PPPRA) as obtained by NEWS FLAKES NG, revealed that the new price for fuel would only be effective nationwide for the month of April, 2020.