FG reduces petrol pump price to N121.50 .

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reduced the retail pump price of petrol to N121.50 per litre from the present N123.50.

The regulatory agency announced the new retail price band to marketers in a May 31 circular.

According to the memo, marketers are expected to sell petrol between a price band of N121.50 and N123.50.

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