Connect with us

News

Breaking: Petrol Price Drops To N130

Published

on

The price of petrol has dropped to N130 from N145, according to an approval given by President Muhammadu Buhari.

This followed a presentation the Minister of State, Petroleum, Mr Timipre Sylva, made to the Federal Executive Council on Wednesday.

It was learnt the development is a fallout of the crash in crude oil price due to the spread of Coronavirus.

OSUN DIGITAL MEDIA WEEK: OOPA Opens Portal For Free Award Voting

Oil sells for about $29 per barrel, dropping from about $60 in December.

Sylva had hinted last week that the government was consulting on whether to cut the pump price of petrol and would come up with a decision soon.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending