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So the Federal Government of Nigeria 🇳🇬 has advised a reduction in the Recommended Retail Price (RRP) of Gasoline (Petrol) ⛽️ across the country from N145/litre to N125/litre effective today March 18, 2020.
#PetrolPriceReduction
#PetrolPriceReduction
Considering that Oil🛢 prices have lost over 50% of its initial selling price.
The budgetary benchmark for Crude Oil was pegged at $57/barrel while Brent Crude sold for as low as $23.50 today being March 18, 2020.
#PetrolPriceReduction
The budgetary benchmark for Crude Oil was pegged at $57/barrel while Brent Crude sold for as low as $23.50 today being March 18, 2020.
#PetrolPriceReduction
A lot of citizens believe that the price slash by the FG does not reflect the realities of the oil price crash affecting the global economy. Hence the N20 reduction in the RPP of petrol ⛽️ is not commendable as argued by the country’s citizens.
