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The Federal Government has announced the reduction of Premium Motor Spirit PMS popularly called petrol to N121.50 per litre, down from the present N123 per litre.
The Petroleum Products Pricing Regulatory Agency (PPPRA) made the announcement in a circular to fuel marketers dated May 31, 2020 and obtained by Meridian Spy on Monday.
It should be recalled that the pump price of PMS was previously reduced to N125 per litre from N145 per litre on March 18, 2020 and took effect on March 19.
More details soon.
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