By The Petroleum Products Pricing Regulatory Agency, Monday, announced a new pump price of N121.50 to N123.50 per litre for Premium Motor Spirit.
The PPPRA, an agency of the Federal Government, made the disclosure in a circular to fuel marketers dated May 31, 2020.
The sharp drop in crude oil prices on the back of the spread of coronavirus saw the landing cost of petrol hitting a record low in March, wiping off subsidy on the product.
