Breaking: Fuel price reduced to N130
Following a presentation made by the Minister of State on Petroleum Resources, Chief Timipre Sylva, at the ongoing Federal Executive Council (FEC) meeting, pump price of the Premium Motor Spirit (PMS) also known as petrol might reduce from N145 to N130
Recall that Sylva had earlier disclosed that consultations were ongoing to decide if the pump price of petrol would be reduced. “This is a developing issue. We are still consulting; we are still following it closely. Of course, usually, the product prices follow the crude oil price but we are still consulting, we’ll get back to you, please, be patient,” Sylva had told journalists in Abuja