President Muhammadu Buhari may have approved the reduction of the pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N130, The Nation reports.

A reliable presidential source, who disclosed this to The Nation at the Presidential Villa 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.