The Federal Government of Nigeria has announced a slight reduction in the pump price of petrol.
The Petroleum Products Pricing Regulatory Agency (PPPRA) gave the new approval on Monday.
The latest directive was contained in a circular to fuel marketers.
A 2 Naira band has been removed from the price of Premium Motor Spirit (PMS).
One litre will now sell for between N121.50 to N123.50.
The PPPRA had on March 31 fixed a price band of N123.50 to N125 per litre.