Stella Dimoko Korkus.com: FG Reduces Petrol Price From N125 To N123.50k Per Litre

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Wednesday, April 01, 2020

FG Reduces Petrol Price From N125 To N123.50k Per Litre

Federal Government of Nigeria has again reduced the pump price of the premium motor spirit (PMS) popularly known as petrol from N125 per litre to N123.50k effective from today, Wednesday,April 1,2020.







A statement issued Tuesday night by the Petroleum Products Pricing Regulatory Agency (PPPRA) which contains the new price said the new price regime was in line with the government approval for a monthly review.


President Muhammadu Buhari had on March 18,2020 approved the reduction of the pump price of petrol from N145 to N125 to reflect the declining price of crude oil globally and open for monthly review.

15 comments:

  1. Thanks. They should please beg nepa to give us light. My children are restless and my generator repaired can't come cos of the lock down.

    Stella please make a post and help us beg nepa.

    ReplyDelete
  2. Replies
    1. Instead of them to reduce it to 100 or 80 naira, they're there removing coins that the rich will even still share with us.

      Delete
    2. There is no difference, they should leave it at 80 or 100 naira per litre.

      Mtcheeeew mtcheeeew.

      Delete
  3. 125 to 123.5 biko wetin change?

    #BaeisBeulah

    ReplyDelete
  4. They should sell it at N50. Who needs Nigerian oil now? Nigerian FG, oin

    ReplyDelete
  5. One naira, fifty kobo reduction.
    Federal government clap for ya selves. You are doing wwell.

    ReplyDelete
  6. If they reduce to 100k, we go die? Foolish people

    ReplyDelete
  7. How this one take epp us now?

    ReplyDelete
  8. Nigerian government is a big failure and a huge disgrace to the masses.

    How can they say they slashed the price of petroleum from 165 to 123.5k. They should be ashamed of themselves. This is a country that has petroleum, why are they hellbent on making life unbearable for the masses.
    A litre price should be about 50-60 Naira right now.

    I live in a country that doesn't produce petroleum and someone came to take my car that was already on reserve, my car was full to brim with just 40€ from the initial price of 85€, do your calculations people!

    Even in this time of pandemic, these politicians are still not compassionate and considerate to the masses, shame on them all.

    The price of petroleum has fallen to bottom (the war between Saudi Arabia and Russia is getting scarier) and Nigerians are still not enjoying what God use to bless their land, o ma se ọ

    ReplyDelete
  9. They can do better than this...

    ReplyDelete
  10. Fuel prices is reducing all over the world cos demand is very very low.The Nigerian govt is not doing anyone any favors by reducing the prices,they are only following the international Economic situation.Fuel is cheaper in this part of the world too.who wan buy the fuel sef if e no reduce?is it people that have been laid off work,people that can’t go to work,or people that can’t go out?demand for crude oil has drastically reduced.Apart from Coronavirus,the world is facing an impending economic crisis very soon.

    ReplyDelete
  11. The economy is dwindling rapidly, can they pay salaries so? This one PMS price is crashing.

    ReplyDelete
  12. Who do we offend ?

    ReplyDelete
  13. It shud be #20

    ReplyDelete

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