Here is a press release on the recent fuel price reduction
"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, 18th of January 2015.
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, 18th 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.
It is my hope that all Nigerians will benefit from this adjustment. I thank you and God Bless you all.
Diezani Alison-Madueke (Mrs.) CON
Honourable Minister of Petroleum Resources
Then after election, it goes back to, N97 or more....smh
ReplyDeleteHahahahaha, Nigerian Government, when will you stop Deceiving We Learned Nigerians.. We all know that after election, it goes back to, N97.. What a Pity!!
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.Disclaimer:: Raise Your Words, Not Your Voice. It Is Rain That Grows Flowers, Not Thunder..
Jonathan must really think Nigerians re cowards... He shudnt worry
ReplyDeleteThen after election they would remove subsidy and it goes up to 150/ltr
ReplyDeleteSee baddest format..AHAHAHAHAHAHAH! IT IS WELL
ReplyDeleteLmaoooo
ReplyDeleteOga jona we re not fools u hear!!! U must leave dat sit
ReplyDeleteFEBUHARI 2015
#beyjayblueivy#
This is not a jonathan thing. It's a world wide thing. He's not wooing us. The cost of fuel reduced world wide
ReplyDeleteOga jona don win oooo
ReplyDeleteJonah is not going anywhere, the reduction came in alignment with the fact that fuel prices have reduced all over the world. The Reduction was anticipated durrr!!!!
ReplyDeleteIt happened last year.fashola said something on it which he ignored and now election is near, He has reduce the price, started visiting muidugri and building second niger bridge.
DeleteI will still vote Jonathan out. I don't have a car.
ReplyDeleteAdupe o. Na Kuku becoz election don dey near
ReplyDeleteReduce okada ride price naa n taxi fare
ReplyDeleteWaka Waka. Them no go reduce am.
DeleteAdupe o. Na Kuku becoz election don dey near
ReplyDeleteCan the reduction of fuel prices reduce the cost of other basic necessity?What kind of stupid politricks is this?
ReplyDeleteGod help us, anyway dem turn us we dey.
ReplyDeleteWell hope transporters will reduce their price now and the scarcity would stop, otherwise there's no point to reduce it. See: Da Big House (Comedy Series (Episode 12)
ReplyDeleteif you like reduce to #10,after this election.. you're going back to ya villa..See how there making a fool outta themselves...#GiftedDiva#
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