Coronavirus expected petrol pump price drops to n114 53 per litre

I think there may be some misinformation here.

As of my knowledge cutoff, there has been no official announcement or credible source indicating that the price of petrol is expected to drop to N114.53 per litre in Nigeria due to the coronavirus pandemic.

In fact, the global oil market has been severely impacted by the pandemic, leading to a significant decline in oil demand and prices. However, this has not necessarily translated to a direct reduction in petrol pump prices in Nigeria.

The Nigerian government and the Petroleum Products Pricing Regulatory Agency (PPPRA) set the pump price of petrol in Nigeria, taking into account various factors such as global oil prices, exchange rates, and other market conditions. While the pandemic has affected global oil prices, it's unlikely that the pump price of petrol in Nigeria would drop to N114.53 per litre.

It's possible that you may have come across a misleading or outdated report or social media post. I would recommend verifying information through reputable sources, such as official government websites, news outlets, or financial publications, to ensure accuracy.

If you have any further questions or concerns, feel free to ask!