The Petroleum Products Pricing Regulatory Agency (PPPRA) released a media statement yesterday, in which they confirmed a new price for petrol.
According to the statement signed by the Executive Secretary of the Agency, Abdulkadir Saidu, petrol will sell for N123.5 starting from today, April 1st, 2020.
They also disclosed their intention to monitor gas stations to ensure that they complied with the new price without delay.
“The PPPRA, in line with the government approval for a monthly review of premium motor spirit (PMS) pump price, hereby announces guiding PMS pump price of N123.50 per litre,” they wrote.
“The guiding price, which becomes effective April 1, 2020, shall apply at all retail outlets nationwide for the month of April 2020.
“The PPPRA and other relevant regulatory agencies shall continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector. Members of the public and all oil marketing companies are to be guided, accordingly.” the statement added.
Meanwhile, Lagos, Abuja, Ogun and indeed several other states in Nigeria have restricted movements for almost entirely; making it difficult to enjoy the new price right away.
