FG reduces Petrol to N125 a litre

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The Federal Government has ordered the NNPC to adjust the price of fuel to reflect global market realities.

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The directive from the Federal Executive Council now  reduces the pump price of petrol  from -N- 145 to-N- 125 per litre.

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The President ordered that the adjustment takes effect immediately.

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Giving the directive on behalf of the President, Mr Timipre Sylva told newsmen that compliance by petroleum marketers is to be enforced by the NNPC and the PPPRA.

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