Deizani Alison-Madueke, The Minister of Petroleum Resources, has announced that, the Federal Government has approved the reduction of the pump price of premium Motor Spirit, also known as petrol, by N10, due to the fall in the global price of crude oil. In other words, the price of Petrol will now be, N87 per litre. The pump price of Petrol by this announcement is now N87 per Litre and this is with immediate effect.
The Minister of Petroleum Resources, Alison-Madueke has directed all fuel stations and the regulatory authorities to effect the change of price immediately.
