Monday, 19 January 2015

Federal Government reduces price of petrol to N87

The Minister of Petroleum Resources, Mrs Dieziani Allison-Madueke has announced a drop in the pump price of Premium Motor Spirit, popularly known as petrol from N97 to N87 due to the drop in global crude oil prices.

“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, 18 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”, she said.
The Minister gave the directive during a press conference at the Presidential Villa, Abuja on Sunday.
 

 Credit: Channels 

21 comments:

  1. Elomena Ekpolo Edeki19 January 2015 at 11:55

    Why now?

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  2. As for now today oooo 87per liter

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  3. Reduced the price of fuel will not change my mind now is too late .sai Buhari inshaAllah 14/02/2015

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  4. It would not put us 2 vote GEJ

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  5. Olayinka Garuba Oraedu19 January 2015 at 23:03

    Chaiiiiiiiiiiiii

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  6. Chescana Ukachukwu19 January 2015 at 23:04

    Una wan confuse una self not me. Political thiefs!

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  7. good luck is still our president if he hv d chance 2 go 4 d 3rd 1, 4 me i will vote him pdp power

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  8. Chimezie Valentine Iro19 January 2015 at 23:10

    Gej for president alex oti for governor abia state #alexotiforchangeinabiastate

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  9. Why nah..i only vote fr buari on one condition."dat i wil marry one is his beautiful daughters

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  10. why now?? bcos of election ?? den after election he go take am to 180 if he FIT WIN,abi??? he dey joke

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  11. Goodluck think Nigerians are monkeys. when they jump up, give them bananas. we have the crude, why 87 naira? it should be 30 naira per litre. for 16yrs I have seen pdp. i want change

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  12. u want change us with 10 naira ha ha I fe laugh even millions of naira ├žant buy my voter card ok gbm is my last manstandin u people dont know politics thats y.so gej we knows d amount u lootin every year

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  13. Nyc 1, niger don day beta small small

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  14. They can do more than this, they should reduce it to 65 naira.

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  15. Casmier Collins C'adimike20 January 2015 at 00:04

    Atleast #10 no be childs,10 *the litres u're buying no be maimai,its a welcome development

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  16. Similoluwa Apalara Oyekorode20 January 2015 at 03:10

    Which mumu development when saudi arabia is selling to the world $1 per barrel bcus of election he remove 10 naira naija be wise o or ur generation go suffer am

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  17. Na eh, e no still good, make he reduce am

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  18. Enweonwu Izuchukwu21 January 2015 at 05:12

    Even its free I cant wait to cast my vote 4 GMB Buhari

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  19. If gej give us free of garge,i wont vote 4 him

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  20. We've all it takes to reduce it to 70 per litre eeh what's 87? Mr president pple r dyin

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