Destiny
Ugorji
The
pump price of petroleum (PMS) has been reduced from Ninety seven (N97) to
eighty- seven (N87) Naira.
The
reduction was announced by Nigeria’s Petroleum Minister, Mrs. Dieziani Allison
Madueke Sunday evening.
Madueke
cited the fall in the price of Oil in the International market and other
prevalent circumstances for the decision.
“This
is in compliance with Section 6, clause 1 of the Petroleum Act. It is my
responsibility to do this, with the approval of Mr. President. In exercise of
my duties, I hereby announce a ten Naira (N10) reduction in the price of
Premium Motor Spirit (PMS). It should now be sold at N87 per liter, as against
N97 per liter. This takes effect from midnight, Sunday, 18th
January, 2015.”
She
directed the Department for Petroleum Resources and PPRA to ensure full
adherence to the directive.
It
would be recalled that the Nigerian Labour Congress recently called on the
Federal Government to reduce the pump price of Petroleum products.
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