Energy
Update: Petrol pump price now N125/L
The Federal Government (FG) has approved the reduction of the pump price of Premium Motor Spirit (PMS), popularly referred to as petrol, from N145 per litre to N125 per litre with immediate effect.
The order from FG to the Nigerian National Petroleum Corporation (NNPC) for the reduction is coming against the backdrop of the crash in crude oil prices globally.
The President also ordered NNPC to immediately reduce the ex-coastal and ex-depot price of the premium motor spirit to reflect the current market realities.
The President said that it was part of the measure put being put in place by the Federal Government to help provide relief to Nigerians and provide a framework for the sustainable supply of the product
Details later …
-
Football3 days agoXabi Alonso targets Arda Guler as Chelsea prepare €100m transfer bid
-
Business7 days agoNigeria gets 2026 Toyota RAV4 as Toyota-By-CFAO sets Lagos launch date
-
Editorial Opinion6 days agoUnder the Uniform: The urgent need for mental health, substance abuse screening for officers
-
Football3 days agoFIFA confirms Jay-Jay Okocha holds World Cup record
-
Politics2 days agoAmuwo Odofin: Umeadi emerges winner of NDC Reps Primary
-
Latest5 days agoTinubu’s daughter decries alleged irregularities in Lagos APC primaries (Video)
-
Featured6 days agoEx-Police chiefs’ governorship bids spark debate over source of political funding
-
Aviation3 days agoInside Airport Luggage Theft: Experts warn of rising insider syndicates