Federal Government has approved a reduction in the pump price of PMS to cushion the effects of the Covid-19 on the economy.
The new price was approved after a presentation by Minister of State for Petroleum Resources, Timipre to the ongoing meeting of the Federal Executive Council, FEC, being presided over by President Muhammadu Buhari at the presidential villa, Abuja.
Crude oil prices crashed on the international market following the spread of the Coronavirus.
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