Breaking: FG reduces petrol price to N125 per litre

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By Petrus Obi

Following the recent drop in crude oil price the federal government has ordered an immediate reduction in petrol price to N125 a litre.

A statement issued by the Minister of State for Petroleum Timipre Sylva noted that the drop in crude oil has lowered the expected open market price of imported petrol below the official pump price of N145 per litre.

“Therefore Mr. President has approved that Nigerians shouldbl benefit from the reduction in price of PMS which is a direct effect on crash in global crude oil prices.

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