FG Reduces PMS Price to N123.50

The Federal Government has reduced the price of Premium Motor Spirit (PMS). This was announced in a statement released by the Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, March 31st, 2020.

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.

The Guiding price which becomes effective 1st April 2020, shall apply at all retail outlets nationwide for the month of April, 2020.

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.


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