?Nigeria has reduced the pump price for petrol to N121.50.
The country’s Petroleum Products Pricing Regulatory Agency made the announcement, saying a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol.
It made disclosure in a circular to fuel marketers dated May 31, 2020, according to local media reports.
It would be recalled that
the pump price of petrol, was earlier reduced to N125 per litre from N145 per litre on March 18, 2020, effective March 19.
