FG reduces fuel price by N5 now to sell at N162.44 per litre


By Mukwuzi Joseph

The Federal Government on Tuesday December 8, announced a reduction in the pump price of petrol from N168 to N162.44 per litre. 

The price reduction, which will take effect on Monday, December 14, will see petrol retail at N162.44 per litre.

“Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC), which is the major importer and marketers of petroleum product, and customers have agreed that there will be a slide down of the pump price of PMS and that the price cut will get us about N5 per litre and that the price cut will take effect from next Monday, a week today,” Ngige said.

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