Nigeria’s Minister of Petroleum, Allison Madueke has announced the reduction in the Pump Price of Petrol from 97 to 87 Naira per liter..
Following the slide in oil prices the Federal government had been criticised for maintaing the initial 97 naira. Presidential Spokesman Dr Reuben Abati in a tweet said, “Petroleum Minister Alison-Madueke announces a N10 reduction in pump price of petrol from N97 per litre to N87 per litre effective midnight”
NewsWireNGR recalls opposition All Progressives Congressd had called for an immediate reduction in the pump prices of petroleum products in view of the crash of the price of crude oil in the international market.
The reduction of price of petroleum product is the first since late President Umaru Yar’adua reduced the price of PMS on assumption office as President in 2007 following Obasanjo’s exit in office..
Details of the reduction to follow shortly….