There are indications that the Federal Government may have
reduced the pump price of Premium Motor Spirit, PMS, from N145 per liter
to about N125.
It was learned that the Federal Government may have approved the new
price after a presentation by Minister of State for Petroleum Resources,
Timipre to the ongoing meeting of the Federal Executive Council, FEC,
being presided over by President Muhammadu Buhari at the presidential
villa, Abuja.
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.
-Vanguard