FG May Reduce PMS Pump To ₦130

 FG May  Reduce PMS Pump To ₦130

There are indications that the Federal Government may reduce the pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N130.

The Nation Newspaper reports that President Muhammadu Buhari may have approved the reduction of the fuel price following a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the on-going Federal Executive Council (FEC) meeting at the Villa.

According to the national dailies, Sylva had made a request to the FEC for the reduction of pump price of the product, citing the drop in the price of crude oil at the global market.

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