- Campus Amebo: CORONA VIRUS FORCES F.G TO LOWER PUMP PRICE OF FUEL TO N125

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Thursday, 19 March 2020

CORONA VIRUS FORCES F.G TO LOWER PUMP PRICE OF FUEL TO N125

President Muhammadu Buhari has approved the reduction in pump price of premium motor spirit (PMS) from N145 per liter to about N125, reports say.






The approval followed presentation by minister of state petroleum resources Mr Timipre Sylva to the Federal Executive Council (FEC), on Wednesday, Presidency sources hinted


The sources claimed that the Minister briefed the council on the need to reduce the pump price following the global fall in oil price.


It was reliably gathered that outbreak of COVID-19, has made the international crude oil price to crash from $60 to $30, causing fear of a possible economic crisis

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