The Federal Government has reduced the pump price of Premium Motor Spirit (AKA petrol) to N121.50 per litre. The Petroleum Products Pricing Regulatory Agency, which is responsible for setting the price of petroleum products in the country, announced the new pump price band will be N121.50 to N123.50 per litre. Dear valued readers, subscribe to the Daily Trust e-paper to continue enjoying our diet of authoritative news. Following this reduction in the ex-depot price, the PPRA had been expected to also do a downward review of the price Nigerians will be paying for the product.
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