The federal Government of Nigeria has today 18 March 2020 Announce the reduction of petrol price 

The official announcement was made at the end of the Federal Executive Council meeting on Wednesday held at the Presidential Villa in Abuja.

The Nigerian Government has finally reduced the pump price of petrol from N145 to N125 

According to the statement signed by Minister of State for Petroleum Resources, Timipre Sylva, government said Petroleum Products Pricing Regulatory Agency should modulate pricing in accordance with prevailing market dynamics.


“Therefore, Mr President has approved that Nigerians should benefit from the reduction in the price of PMS which is a direct effect of the crash in global crude oil prices.