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FG slashes fuel price to N125/ltr | Thekokospot

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FG slashes fuel price to N125/ltr

PublishedBy: in NewsMarch 18, 2020

Nigeria’s Federal Government has approved the reduction in pump price of premium motor spirit (PMS) which is also known as petrol from N145 per litre to N125.

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

The approval comes after the fall in the price of  crude oil from $60, which currently is now oscillating between $29 and $30.

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