FG Reduces Fuel Price To N125

The price of petrol has dropped to N125 from N145 following an approval given by President Muhammadu Buhari.

The decision was taken after a presentation by the Minister of State, Petroleum, Mr Timipre Sylva to the Federal Executive Council on Wednesday.

Nigerian government and the Nigerian National Petroleum Corporation confirmed the new price of N125 per litre on Twitter.

RE: REDUCTION IN PRICE OF PREMIUM MOTOR SPIRIT (PMS)

Reductions, as communicated by @NNPCgroup, will translate to N125/litre retail pump price. https://t.co/skqr4lrjKO

— Ministry of Petroleum Resources, Nigeria (@FMPRng) March 18, 2020