The source who disclosed this on Wednesday, said the approval may have followed a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the ongoing Federal Executive Council (FEC) meeting at the Villa.
Sylva had made a request to the FEC for the reduction of pump price of the product, citing the drop in the price of crude oil at the global market, according to the source who would not want to be named.
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