FG approved reduction of fuel (PMS) price from N145 to N125

President Muhammadu Buhari has approved the reduction in pump price of premium motor spirit (PMS) from N145 per liter to about N125.

It was gathered  that the approval followed presentation by minister of state petroleum resources Mr Timipre Sylva to the Federal Executive Council (FEC), on Wednesday.

Bashir Ahmad wrote on twitter ;

FLASH: President Muhammadu Buhari reduces fuel (PMS) price from N145 to N125, with immediate effect - HM Timipre Sylva.

— Bashir Ahmad (@BashirAhmaad) March 18, 2020

President Muhammadu Buhari has approved the reduction in pump price of premium motor spirit (PMS) from N145 per liter to about N125, State Minister for Petroleum Resouces, Timipre Sylva confirmed in a statement this afternoon in Abuja.

Below is the approval paper: