Monday, 19 January 2015
Nigerian Government Drops Price of Petrol
Nigeria's Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Sunday announced a reduction in the pump price of Premium Motor Spirits better known as petrol from N97 per litre to N87 per Litre, effective midnight of Sunday 18th January, 2015.
A statement signed by Group General Manager Group Public Affairs Division NNPC, Ohi Alegbe said the Department of Petroleum Resources, DPR and the Petroleum Products Pricing Regulatory Agency, PPPRA have been mandated to ensure compliance.
The development follows recent drop in oil price which has been hovering below 50 dollars per barrel.