FG reduces petrol price to N125

President Muhammadu Buhari has approved the reduction of pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N125.
Following a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the ongoing Federal Executive Council (FEC) meeting at the Villa, a reliable presidential source, who disclosed this to at the Presidential Villa on Wednesday, said the approval may have
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.