Kanyi Daily NewsKanyi Daily NewsKanyi Daily News
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
      • Instagrammers
      • Twitteratti
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
      • Fashion For Women
      • Fashion For Men
      • Who Wore It Better
      • Fashion We Like
      • Love Or Hate It
      • Style By
      • Style Star
    • Travel
    • Tech & Gadgets
    • Beauty
      • Makeup
      • Beauty Tips
      • Nails
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Reading: Federal Government Orders Immediate Reduction Of Petrol Price From N145 To N125
Font ResizerAa
Font ResizerAa
Kanyi Daily NewsKanyi Daily News
  • Home
  • News
  • Celebs
  • Business
  • Crime
Search
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
    • Travel
    • Tech & Gadgets
    • Beauty
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Follow US
© 2025 Kanyi Media.
News

Federal Government Orders Immediate Reduction Of Petrol Price From N145 To N125

Tobias Sylvester
By Tobias Sylvester
Published: March 19, 2020
SHARE

Federal Government Orders Immediate Reduction Of Petrol Price From N145 To N125 1

The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to immediately reduce the pump price of petrol from N145 to N125.

This coming following the outbreak of coronavirus which affected global economy, international crude oil price slumped from $60 to $30 and even less.

President Muhammadu Buhari approved the reduction in price of crude oil after the Minister of State, Petroleum Resources, Mr Timipre Sylva, briefed him on the matter.

PUNCH reports that Sylva also made a documented presentation to the Federal Executive Council (FEC) on Wednesday, March 18, 2020.

The drop in crude oil prices has the expected open market price of imported petrol below the official pump price of 145 per litre,” the document said.

“Therefore, the FG is directing the NNPC to reduce ex-coastal and ex-depot prices of PMS to reflect the current market realities.”

Speaking with journalists after the session, Sylva said the new price would take “immediate effect”.

He said the government directed the NNPC and the PPPRA to work out the details.

He added that the pump prices of diesel and kerosene would also be reduced as NNPC would roll out all the new prices soon. ‎

ALSO READ: NNPC Boss, Mele Kyari Considers Increase In Fuel Price, Says “N145 Cheapest In West Africa”

Read Also:👇🏾

  1. It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia — President Buhari
  2. Nigerian Government Signs MoU Agreement To Start Importing Petrol From Niger Republic
  3. Nigerian Confirms Return Of Fuel Subsidy, Raises Petrol Price To N212 Per Litre
  4. “N212 Petrol Price Should Be Disregarded” – FG Apologises To Nigerians Over Fuel Hike

TAGGED:fuelmuhammadu buhariNewsNigeriaNNOCPetrolTimipre Sylva
ByTobias Sylvester
Follow:
Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos.Contact Tobias at [email protected] a confidential tip? Submit it here
Previous Article "You Can't be Singing Gospel Songs And Be Looking Seductive" - Evangelist Warns Mercy Chinwo 2 “You Can’t be Singing Gospel Songs And Be Looking Seductive” – Evangelist Warns Mercy Chinwo
Next Article Coronavirus: "Wake Up And Prepare For The Worse" - WHO Tells Africa After Recording 17 Deaths In 24 Hours 3 Coronavirus: “Wake Up And Prepare For The Worse” – WHO Tells Africa After Recording 17 Deaths In 24 Hours
Leave a Comment

Leave a Reply Cancel reply

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

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
WhatsAppFollow

Latest Post

Nigerian Soldiers Arrest Chinese National During Anti-Terror Operation In Borno
Nigerian Soldiers Arrest Chinese National During Anti-Terror Operation In Borno
Canada Returnee Arrested For Assaulting Taskforce Officer In Lagos [Video]
Canada Returnee Arrested For Assaulting Taskforce Officer In Lagos [Video]
Porsha Williams Wins Prenup Battle Against Her Ex-Nigerian Husband, Simon Guobadia
Porsha Williams Wins Prenup Battle Against Her Ex-Nigerian Husband, Simon Guobadia
Nigerian Woman Arrested In Australia For Trafficking 15 Students With Fake Scholarships
Nigerian Woman Arrested In Australia For Trafficking 15 Students With Fake Scholarships
Three Women Call For Justice After Alleged Assault By Man At Port Harcourt Club [Video]
Three Women Call For Justice After Alleged Assault By Man At Port Harcourt Club [Video]
Israel Launches Airstrikes On Iran, Hits Nuclear Sites And Kills Top Military Officers
Israel Launches Airstrikes On Iran, Hits Nuclear Sites And Kills Top Military Officers
Dutch Footballer Quincy Promes Arrested In Dubai
Dutch Footballer Quincy Promes Arrested In Dubai
Tinubu Confers National Honours On Soyinka, Kukah, Nwosu, Musa, 62 Others [Full List]
Tinubu Confers National Honours On Soyinka, Kukah, Nwosu, Musa, 62 Others [Full List]
Air India Plane With 242 Passengers Crashes After Takeoff From Ahmedabad [Video]
Air India Plane With 242 Passengers Crashes After Takeoff From Ahmedabad [Video]
June 12: #EndBadGovernance Protest Begins In Lagos On Democracy Day [Photos]
June 12: #EndBadGovernance Protest Begins In Lagos On Democracy Day [Photos]
- Advertisement -
Ad imageAd image

Follow Our News Page On Facebook

Follow our entertainment Page on Facebook

Pray For Genuine Love, Nobody Wants To Be A Miserable And Lonely Rich Person - Judy Austin
Entertainment

Pray For Genuine Love, Nobody Wants To Be A Miserable And Lonely Rich Person – Judy Austin

2023: Obasanjo Denies Endorsing Tinubu For Presidency
Politics

2023: Obasanjo Denies Endorsing Tinubu For Presidency

"Bad mother" - Uche Ebere slams Emeka Ike’s ex-wife for allowing son to Speak ill about father
Entertainment

“Bad mother” – Uche Ebere slams Emeka Ike’s ex-wife for allowing son to Speak ill about father

David Mark’s Daughter Defeats Her Uncle With Wide Margin To Secure House Of Reps Seat 5
News

David Mark’s Daughter Defeats Her Uncle With Wide Margin To Secure House Of Reps Seat

FG To Launch New National ID With NIN And Payment Features
Tech and Gadgets

FG To Launch New National ID With NIN And Payment Features

Mikel Obi Banned And Fined 60,000pounds By English FA 7
PHOTOSPEAKS

Mikel Obi Banned And Fined 60,000pounds By English FA

"21 In Lagos, 16 In Rivers" - Nigeria Confirms 49 New COVID-19 Cases As Total Hits 165,901 9
News

“21 In Lagos, 16 In Rivers” – Nigeria Confirms 49 New COVID-19 Cases As Total Hits 165,901

Tinubu Expresses Confidence in Nigeria's Economic Recovery, Unveils N27.5 Trillion Budget For 2024 Development
News

Tinubu Expresses Confidence in Nigeria’s Economic Recovery, Unveils N27.5 Trillion Budget For 2024 Development

"I Will Build Mutual Working Relationship With 9th National Assembly" – President Buhari 11
News

“I Will Build Mutual Working Relationship With 9th National Assembly” – President Buhari

Dangote
Celebrities

Dangote Files $30,000 Lawsuit Against American Mistress For Exposing His Buttocks On Social Media

EFCC Arrests 30-Years-Old Nigerian Graduate For N1.4 Billion Internet Fraud 13
News

EFCC Arrests 30-Years-Old Nigerian Graduate For N1.4 Billion Internet Fraud

FCT Monarch, Abdullahi Adamu Slumps And Dies In Palace
Metro

FCT Monarch, Abdullahi Adamu Slumps And Dies In Palace

Kanyi Daily News: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more.

Got a hot news tip or found something interesting you’d like us to feature? Hit us up with the details.

  • About KanyiDaily.com
  • Advertise
  • Claims of Infringement
  • Conditions Of Use
  • Contact Us
  • Media Inquiries
  • SUBMIT YOUR STORIES!
  • Tech Issues
  • Write For Kanyi Daily
  • Advertising Policy
  • Comment Policy
  • Editorial Policy
  • Privacy Policy
  • FAQ – Frequently Asked Question
Follow US
Kanyi Media 2025.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?