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Nigerian Government reduces Petrol Price; The Second Time In Less Than 1 Month

Unic Press UK: Nigeria’s Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction in the price of Premium Motor Spirit (petrol), making it a second time a reduction is effected in less that 1 calendar month.

The initial reduction, from ₦145 to ₦125 was made on 19 March. Yesterday, it was further reduced to ₦123.5 per litre.

There’s been free fall in the price of oil, following the oil war between two major producers the Russian Federation and the Kingdom of Saudi Arabia.

According to Oilprice.com, an energy news site, the price of WTI Crude and Brent Crude was $20.58/$25.86 respectively as at  31 March 2020.

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2 Manchester City 28 18 3 7 68 31 +37 57
3 Leicester City 29 16 5 8 58 28 +30 53
4 Chelsea 29 14 6 9 51 39 +12 48
5 Manchester United 29 12 9 8 44 30 +14 45
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7 Sheffield United 28 11 10 7 30 25 +5 43