FG reduces fuel price by 50 kobo per litre
The federal government yesterday reduced the pump price of petrol from N87 to N86.50k per litre with effect from January 1st. In a statement signed by the executive secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA) Farouk Ahmed in Abuja, FG said that the Nigeria National Petroleum Corporation (NNPC) retail stations will sell at N86 per litre, while retail outlets owned by oil marketers will sell at N86.50k per litre. (more…)
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