BREAKING: FG slashes price of petrol to N130

President Buhari

It has been suggested that President Muhammadu Buhari has allegedly approved a reduction of pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N130.

According to the Nation, a reliable presidential source, who disclosed this at the Presidential Villa on Wednesday, said the approval may have followed a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the ongoing Federal Executive Council (FEC) meeting at the Villa.

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According to the source, who would not want to be named, Sylva had made a request to the FEC for the reduction of pump price of the product, citing the drop in the price of crude oil at the global market.


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