Shocking as Buhari Reduces Petrol Pump Price to N130

0

President Muhammadu Buhari has permitted the discount of pump value of the Premium Motor Spirit (PMS) known as petrol from N145 to N130.

READ ALSO: Senate Ask FG To Restrict Large Gatherings Over Coronavirus

According to a dependable source within the presidency, the approval could have adopted  a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the  Federal Executive Council (FEC) assembly on the Villa.

The source who spoke on the situation of anonymity mentioned Sylva had made a request to the FEC for the reduction of pump price of the product, citing the drop within the cost of crude oil on the international market.

ALSO READ : Panic as FG confirms five new Coronavirus cases in Nigeria

It was reliably gathered that the outbreak of COVID-19 has made the worldwide crude oil value crash from $60 to $30, inflicting worry of a doable financial disaster.

The source equally hinted that the federal government would enable the worldwide value of crude to find out the costs of the product in Nigeria.

Meanwhile, the Minister of State, Petroleum Resources following unconfirmed info has scheduled to fulfill with members of the organized Labour within the oil and gasoline sector earlier than continuing to make the formal announcement for the worth adjustment

 

Source : Eko Hot Blog 


How You Can Get Updates Regularly 
✔️ Enter Your Email To subscribe 🇳🇬

✔️ Like/Follow Our  Facebook Page 
✔️ Join our Telegram Channel 

2021 Massive Recruitment at FIRST Bank of Nigeria Limited for graduates



Recent Posts

Recent Jobs

From Ejes Gist Nigeria

The views expressed in this article are the writer’s opinion, they do not reflect the views of the Publisher of EJES GIST NIGERIA. Please report any fake news , misinformation or defamatory statements to ejesgist@gmail.com

For Publication and Advert Booking Call +2347033247217  or email ejesgist@gmail.com

 

Most Trending Post

Latest News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.