Less that a month after reducing fuel price to N125 from N140, the federal government of Nigeria has further announced a further reduction to N123.50.
This was made public by Bashir Ahmad, presidential aide on new media.
This is in line with the price modulation that was set up by the current administration recently.
He Wrote:
Bashir Ahmad✔@BashirAhmaad
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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