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FRESH! Petrol pump price now N121.50 | Thekokospot

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FRESH! Petrol pump price now N121.50

PublishedBy: in NewsJune 1, 2020

The Petroleum Products Pricing Regulatory Agency, (PPPRA), has disclosed a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, (PMS) which is also known as petrol.

The PPPRA, which is an agency of the Federal Government, made this announcement  in a circular to fuel marketers which was May 31, 2020.

The sharp drop in crude oil prices on the back of the spread of COVID-19 saw the landing cost of petrol hitting a record low in the month of March, wiping off subsidy on the product.

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