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FG Reduces petrol price to N130 from N145

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The Federal Government may have directed the reduction in the pump price of Premium Motor Spirit (PMS) from N145 per liter to about N130.

Minister of State for Petroleum Resources, Timipre Sylva, had last week said the government was in consultation with relevant stakeholders on the possibility of reducing the price following the crash in crude oil prices in the international market.

It was learned that the government may have approved the new price after a presentation by Sylva to the ongoing meeting of Federal Executive Council (FEC) being presided over by President Muhammadu Buhari at the presidential villa, Abuja.

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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