Politics

PRESIDENT BUHARI REDUCED FUEL PRICE TO N130


Eric Olusesan


President Muhammadu Buhari has approved a new pump price for premium motto spirit, otherwise known as petrol.


The reduction is from the initial price of N145 to N130 per litre.


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.

0 0 votes
Article Rating
towncrierng

Recent Posts

RIVERS PDP TURNS WIKE LOYALISTS TO SECURITY GUARDS, PLANS DISCIPLINARY COMMITTEE

By Memoye Oghu The acting chairman of the Peoples Democratic Party (PDP) in Rivers state,…

2 months ago

Fake News! No presidential order to reinstate Obasa

  Claims that President Bola Tinubu has ordered the reinstatement of former Lagos State House…

2 months ago

Comptroller Babandede Charges Newly Promoted Officers On Greater Service and Competence

  The Customs Controller, Area 2 Command, Onne, Comptroller Muhammad Babandede has charged newly promoted…

2 months ago

Activist slams Obasa: Warns against provoking Lagos unrest

    Dr. Wale Ajewunmi, a prominent civil and political rights activist, has urged former…

2 months ago

Lagos Assembly fires back: Obasa’s impeachment stands

  The Lagos State House of Assembly has firmly responded to former Speaker Mudashiru Obasa’s…

2 months ago

Rivers: Supreme Court Fixes February 10 To Hear Five Cases

  The Supreme Court, today, fixed February 10, 2025, for the hearing of five separate…

2 months ago