You are here
Home > ECONOMY > FG drops fuel pump price to N125 per litre

FG drops fuel pump price to N125 per litre

The Federal Government has reduced the pump price of petrol from N145 per litre to N125 per litre.
This is in line with the global drop in oil prices because of the ongoing depression in the economy because of the ravaging impact of coronavirus in the world.
The Minister of State, Petroleum, Timpre Sylva, who said the reduction in fuel pump price was approved by President Muhammadu Buhari, stated that the present government wants to drop the fuel pump price in line with the drop in global oil price.
Sylva maintained that fuel pump price could drop further when global prices drop more, adding that the step is to mitigate the impact of hard economy on Nigerians.
Dele Fashomi
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.He had done many courses in communication, including the EU-BBC Editing Course in 2002.Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.Dele Fashomi is now the Publisher/Editor-in-Chief of newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.