President Buhari approves reduction of Petroleum pump price to N130

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Nigeria’s President Muhammadu Buhari earlier today approved the reduction of the pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N130.

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This is said to be part of the decisions reached during Wednesday’s Federal Executive Council (FEC) meeting in Abuja according to a report by Tribune.

Minister of State for Petroleum Resources, Timipre Sylva, last week said the government was in consultation with relevant stakeholders on the possibility of reducing the price following the crash in crude oil prices in the international market.

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Efua Owonaro

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Efua Owonaro

Efua Owonaro is an assistant editor on newsmag.com.ng, she is passionate about human interest stories and also writes about celebrities. Media Associate with Newsmag Media Ltd
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