The President Muhammadu Buhari-led Federal Government has approved a new pump price for premium motto spirit, otherwise known as petrol.
The reduction is from the initial price of N145 to N125 per litre.
The Nation reports that the approval was as a result of the presentation by the Minister of State for Petroleum Resources, Timipre Sylva, to the Federal Executive Council, FEC, on Wednesday on the need to reduce the pump price.
The call to reduce the pump price of fuel became necessary following the fall in global oil prices.
The Federal Government also promised to allow the international price of crude oil to determine the prices of petroleum products in the country.
The outbreak of Coronavirus disease, also known as COVID-19 has also crashed international crude oil price from $60 per barrel to $30 per barrel.
The Minister is currently in a meeting with members of the organized Labour in the oil and gas sector.
The Federal High Court in Abuja dismissed the case against individuals charged in connection with…
The member representing Oju/Obi Federal Constituency and Deputy Chairman of the House Committee on Army,…
The Sokoto State Government has raised alarms about the emergence of a new terrorist group…
The Federal Ministry of Education has formally addressed the suspension of Prof. Innocent A.O. Ujah…
Residents of Ukwonyo community in the Ufia axis of Ado Local Government Area, Benue State,…
The Governing Council of the Federal University of Health Sciences, Otukpo, has explained why it…
