Crash In Global Oil Price: FG Slashes Fuel Pump Price To N125 Per Liter.

The Federal Government has ordered the NNPC to adjust the price of fuel to reflect global market realities. According to a briefing from the Federal Executive Council (FEC), the new pump price of petrol is now 125 naira. the minister of state for petroleum, Mr Timipre Sylva who briefed newsmen at the presidential villa noted that compliance by petroleum marketers is to be enforced by the NNPC and the PPPRA. ITV statehouse correspondent Ikharo Attah completes the reports the minister as saying The President ordered the price adjustment takes effect immediately.

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