WOW!!! FUEL PUMP PRICE REDUCED TO 87 NAIRA PER LITER
What Diezani Alison-Madueke said this evening as she announced a reduction in fuel price...
As
you may be aware, there has been a lot of volatility in the oil market
in the past few months and due to this the importation prices of our
petroleum products have been impacted.
Therefore, with the
approval and directive of Mr. President and by virtue of Section 6
clause 1 of the Nigerian Petroleum Act, it is my responsibility as
Minister of Petroleum Resources to hereby announce a reduction in the
pump price of Petroleum Motor Spirit (Petrol) from the current Ninety
Seven Naira (=N=97) per litre pump price down to Eighty Seven Naira
(=N87=) per litre pump price, effective from twelve (12) midnight
Sunday, 18th of January 2015.
Accordingly, I have
directed the Petroleum Products Pricing Regulatory Agency (PPPRA) and
the Department of Petroleum Resources (DPR) to ensure strict compliance
of this price adjustment by all marketing companies.
It is my hope that all Nigerians will benefit from this adjustment. I thank you and God Bless you all