BusinessNews

Nigeria reduces petrol pump price from N145 to N125

The Federal Government of Nigeria has approved the reduction in pump price of premium motor spirit (PMS) popularly known as petrol from N145 per litre to about N125.

The reduction, it was gathered, followed the presentation of the issue by the Minister of State, Petroleum Resources, Timipre Sylva, to the meeting of Federal Executive Council (FEC) chaired by President Muhammadu Buhari.

The approval followed the fall in crude oil prices from $60, which is now currently oscillating between $29 and $30.

Muhammad A. Aliyu

Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior editor at Okay Nigeria.
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