The Federal government has reduced the fuel pump price to N125/litre from 145/litre.
The reduction in the price of Petroleum Motor Spirit is coming on the back of biting economic times caused by the global pandemic, Coronavirus which has in turn led to a drastic fall in the price of crude oil in the global market.
The federal government made the approval for reduction in fuel pump price on Wednesday after Minister of State for Petroleum, Timipre Sylva made a presentation to the Federal Executive Council. This is seen as a way to make life easier for Nigerians in the period of the pandemic.
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