The Federal government through the Petroleum Products Pricing Regulatory Agency (PPPRA), has reported a decrease in the siphon cost of petroleum.
An announcement marked by the PPPRA Executive Secretary, Abdulkadri Saidu, says the new retail cost of petroleum would be N123.50 starting from April 1st, 2020 Read More.
The new cost is N1.50 lower than the N125 per liter declared on March 18th, 2020.
Review that on March 18, the Federal Executive Council had approved a decrease of petroleum siphon cost from N145 to N125 Read more.
After the cut of petroleum siphon cost was declared, PPPRA reported that the central government approved a monthly review of petrol price to reflect global crude oil market trends.
