The Federal Government of Nigeria
has announced the reduction of the fuel price of petrol from N97 per litre to
N87 per litre. The Minister of Petroleum Resources, Diezani Alison-Madueke,
said at an ongoing press conference at the presidential villa, Abuja, that the
new price regime would take effect immediately. Mrs. Alison-Madueke said the
N10 reduction in fuel price was necessitated by the reduction in crude oil
prices in the international market. The new measure is a reversal of
government’s policy on the matter. The Minister of Finance, Ngozi
Okonjo-Iweala, had insisted on December 17 that Nigeria would not reduce the
pump price of fuel despite falling oil prices at the international market,
until the revenue crisis occasioned by the dwindling oil rates is over.
The Federal Government
of Nigeria has announced the reduction of the fuel price of petrol from
N97 per litre to N87 per litre.
The Minister of Petroleum Resources, Diezani Alison-Madueke, said at an
ongoing press conference at the presidential villa, Abuja, that the new
price regime would take effect immediately. Mrs. Alison-Madueke said the
N10 reduction in fuel price was necessitated by the reduction in crude
oil prices in the international market.
The new measure is a reversal of government’s policy on the matter. The
Minister of Finance, Ngozi Okonjo-Iweala, had insisted on December 17
that Nigeria would not reduce the pump price of fuel despite falling
oil prices at the international market, until the revenue crisis
occasioned by the dwindling oil rates is over.
Read more at: BREAKING: Federal Government Reduces Fuel Price From N97 to … | LATEST NIGERIAN NEWS BREAKING HEADLINES NEWSPAPERS
Read more at: BREAKING: Federal Government Reduces Fuel Price From N97 to … | LATEST NIGERIAN NEWS BREAKING HEADLINES NEWSPAPERS
No comments:
Post a Comment