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 …
-
News1 week agoWidow of late investigative broadcaster Kola Olawuyi dies
-
Crime1 week agoOutrage as NYSC doctor allegedly dies after delay in approving sick leave
-
Aviation1 week agoNIS issues updated guidelines for contactless passport renewal for Nigerians abroad
-
Latest7 days agoOne killed as ethnic clash erupts in Ibadan following reported overnight stabbing (video)
-
Aviation5 days agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Agribusiness7 days agoStrengthening Nigeria’s Food Production Through Reliable Water Storage Infrastructure
-
Latest1 week agoLagos arrests 396 beggars in fresh crackdown on street begging (Video)
-
Business5 days agoSEC sets July 10 deadline for Q2 ownership, capital flows returns