Federal Government Reduces Price Of Petrol To ₦125

In the midst of the coronavirus epidemic the country is facing, on Tuesday Nigerians had something to cheer about as the Presidency announced that the price of petrol has been reduced from ₦145 to ₦125.

The approval followed a presentation by the Minister of State on Petroleum Resources, Timipre Sylva, at the Federal Executive Council (FEC) meeting at the Villa.

Confirming the development, Special Assistant to the President on New Media , Tolu Ogunlesi took to Twitter on Wednesday to announce that the price reduction takes effect immediately.

The Federal Government also took to their Twitter account to confirm the announcement, saying the price was adjusted in line with the market price of crude oil.

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