Connect with us
X
Categories:

Business

New Petrol Price: FG Declares Petrol Price To N125 Per Litre

All Naija Entertainment

Published

on

Petrol Nozzle

Petrol price has been slashed from N145 to N125 per litre, the Nigerian government has announced.

Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.


Minister of state for petroleum resources, Timipre Sylva, who made the announcement on behalf of President Muhammadu Buhari, said the NNPC will be ordered to adjust the pump price of the fuel immediately.

The decision was taken at the Federal Executive Council meeting on Wednesday, against the backdrop of the crash in crude price, now trading below $30 a barrel.

Sylva said compliance to the new price regime by petroleum marketers will be enforced by the NNPC and the PPPRA.

He said the price slash will affect all other products.He also said that henceforth prices will be “modulated” in line with rise or fall in oil prices.

The NNPC Group managing director, Mele Kyari, promptly issued a statement, saying the new price regime will begin 19 March.

“In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

“Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.

“These reductions will therefore translate to N125/litre retail pump price.

“Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians.

“Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to N125/litre.”


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Reach us on WhatsApp via: +2348104471989

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.





Latest Exchange Rate

Donate To ANE!


Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now
THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Complete Episodes)

R kelly
Music1 week ago

[Music] R. Kelly – Burn It Up ft. Wysin, Yandell

THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Episode 20)

Beirut Explosion
News1 week ago

Hundreds Wounded As Explosion Rips Through Lebanon’s Capital, Beirut (Pics, Video)

The Old Guard 2020
Movie Subtitles3 days ago

DOWNLOAD Complete The Old Guard 2020 Subtitles File [English SRT] 2020

THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Episode 11)

Twyse 116 Ereme
Biography1 week ago

TWYSE_116: Complete History, Biography, Family, State Of Origin, Age And Throwback Photos Of Twyse Ereme (Twyse_116)

Shoprite
Business1 week ago

BREAKING: ShopRite To Leave Nigeria After 15 Years

News1 week ago

“We’re Going Nowhere” – TikTok Responds To Trump Threat

Entertainment1 week ago

BBNaija: Ozo Begs Nengi After Picking Dora As Deputy Head Of House

THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Episode 01)

Entertainment5 days ago

BBNaija: ‘Why Erica Broke Up With Me’- Kiddwaya Opens Up

The Walking Dead
Movie Subtitles1 week ago

DOWNLOAD Complete The Walking Dead Season 10 Subtitles File [English SRT] 2019-2020

R kelly
Lyrics1 week ago

R. Kelly – Burn It Up ft. Wysin, Yandell [Lyrics]

News1 week ago

Ize-Iyamu’s Family Backs Obaseki’s Re-Election

THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Episode 26)

News1 week ago

Mosques And Churches To Reopen In Lagos On August 7 & 9 Respectively

THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Episode 03)

The Walking Dead
Movie Subtitles1 week ago

DOWNLOAD Complete Fear The Walking Dead Season 01 Subtitles File [English SRT] 2010

THE FUTURE HUSBAND
Stories1 week ago

[STORY] THE FUTURE HUSBAND (Final Episode 34)

ANE Billboard Hots!



Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.





Copyright © All Naija Entertainment.

css.php