FG reduces price of Fuel to N123.5 per liter

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The Federal Government has announced a further reduction in fuel price following the initial reduction in from N140 to N125 per liter.

The new price is now at N123.5 per litre. The new development was announced by Bashir Ahmed, Presidential aide on new media which according to him will take effect from the 1st of April.

He wrote:

“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.”

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