Nigeria: How Govt Arrived At New N125 Per Litre Fuel Price - Official

The computation of the new retail pump price of premium motor spirit (PMS), popularly called petrol, announced by the federal government on Wednesday was based on the pricing modulating template approved by the Petroleum Products Pricing Regulatory Agency (PPPRA), an official has said.

On Wednesday, the federal government announced a 13.8 per cent, or N20 reduction in the retail pump price of petrol throughout the country.

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