NIGERIA DROPS FUEL PRICE
The federal
government of Nigeria has reduced the price of petrol to N87 ($0.45) from N97
per litre. Petroleum Resources Minister, Diezani Alison Madueke, who made the
announcement on Sunday said the price reduction would take effect at midnight.
government of Nigeria has reduced the price of petrol to N87 ($0.45) from N97
per litre. Petroleum Resources Minister, Diezani Alison Madueke, who made the
announcement on Sunday said the price reduction would take effect at midnight.
The reduction in
price follows the crash of the price of crude in the international market. “The
Federal Government has decided to reduce the pump price of petroleum spirit
(PMS) to N87 per litre effective midnight 18th Day of January 2015.
price follows the crash of the price of crude in the international market. “The
Federal Government has decided to reduce the pump price of petroleum spirit
(PMS) to N87 per litre effective midnight 18th Day of January 2015.
“The change is in
view of recent reduction in the global price of crude oil,” the Minister told
State House Correspondents at the Presidential Villa on Sunday night.
view of recent reduction in the global price of crude oil,” the Minister told
State House Correspondents at the Presidential Villa on Sunday night.
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