FG reduces petrol price to N87 per litre

THE Federal Government last night announced a reduction in the price of
premium motor spirit (petrol)from N97 to N87 per litre.
The reduction follows the crash in the price of crude oil in the international
market.
The Minister of Petroleum, Mrs. Diezani Allison-Madueke, made the
announcement on the Nigerian Television Authority, NTA, last night. She spoke
from the presidential villa apparently after consultations with President Goodluck
Jonathan.
She said: “I will like to announce the reduction in the price of Premium Motor
Spirit by N10. Therefore, the reduction would be from N97 per litre to N87 per
litre and this would be effective from midnight Sunday, January 18, 2015. In line
with this I have directed the Petroleum Products Pricing Regulatory Agency,
PPPRA, and the Directorate of Petroleum Resources to ensure that there is
strict adherence of this regime as it takes effect from midnight Sunday, January
18. I do hope that the entire country will benefit immensely from this reduction
of the pump price.”
The price of petrol was fixed at N97 in January 2012 after the administration
made an abortive move for the full deregulation of the downstream sector which
initially saw petrol price rocket to more than N140 per litre. The move was
challenged by a general uprising across the country led by the Occupy Nigeria
movement which organised city shutdowns across some of the major cities in
the country.
The move by the civil right activists was coupled by a general strike by
organised labour.
The strike was called off on January 16 after the administration drew back from
full deregulation and agreed to a reduction of the price to a fixed N97 that
would be varied according to a template based on the price of crude in the
international market

Good move at alast. It's rather late than never.

yes o

No be so?

Who is deceiving who? Why this time why not last year. PEOPLE DECEIVING PEOPLE

just comon #10!! na wa for this government!

una go manage am

Good job Wendon GEJ

Serious!!!

20manlotto wrote:

Good job Wendon GEJ

good job ke.i c some political under tone here.nothing last in naija

20manlotto wrote:

Good job Wendon GEJ

it has nofin 2 do wit GEJ!

i expect pple 2 ask d questn: 'is dis a gud or bad news'?

they supposed to have reduce atleast #20

Expect 107 by Febuary if bro Jona was elected as our president again

Segzykay wrote:

Expect 107 by Febuary if bro Jona was elected as our president again

or mayb N170 sef

Na scamer be dis o, sign ur face 9ja

Safex wrote:

Segzykay wrote:

Expect 107 by Febuary if bro Jona was elected as our president again

or mayb N170 sef

Jona has no power as such on PMS price. PMS price is being determined by world market. If d price reduces in d world market, definately, d price must reduce at local level and vice versa. PMS price had been reduced in d world market since early November 2014. We should also know that reduction in PMS price in d world market is not good for Nigeria as a nation. Because, Nigeria do generate huge amount of dollars from crude PMS in d world market. Now, d amount generated has reduced significantly, which means Nigerha will reduce spending as well. Reduction in spending leads to reduction in capital projects execution and others. Hope u copy dis?

y does it take him so long b4 he reduced? crude oil price has fallen since late November last year. Im sure ds is campaign strategy! wise up naija

If he like let him reduce everythings, we r wise.

Segzykay wrote:

Expect 107 by Febuary if bro Jona was elected as our president again

U r right.

Advans wrote:

y does it take him so long b4 he reduced? crude oil price has fallen since late November last year. Im sure ds is campaign strategy! wise up naija

I like your word @ olukay

Sure, its about election guys.

many oil stations yet to comply with this

My good people i greet all of u and my prayer for all of us is that whoever dat will make our lives better and whoever that will take we d civilian frm zero level to higher level God should put him there

Gudnews, over since december i stop puting fuel in my car just because of #120 per liter in enugu.

Wow! So funny

FROM THE BOTTOM OF MY HEART

Because we said we want CHANGE
GEJ now gave
us N10
change on petrol.
If Jonathan
wants we youths to
vote
for him,he should do d following;

1. Reduce d subscription of BlackBerry to N200 naira.

2. Make sure ATM dispenses as
low as N50 naira notes

3. Iphone 6 is as low as N2,300.

4. Even if u dont write exams, u
already v 2.0 minimum CGPA

5. Make Tonto Dikeh d new First Lady

6. NTA would change thier boring
station tone.

7. PDP shld change thier logo
from Umbrella to Watermelovn or Plantain Chips

8. Corpers should b given 70k per
month

9. Free Calls from 7p.m till
10p,m

10. Make me the minister of
Finance.

11. Make my father chief of staff.

12. #lobatan

sunnyga wrote:

many oil stations yet to comply with this

na so e b 4 9ja nah! If na increase, dem 4 comply imediatly.

ekerin oye4 wrote:

FROM THE BOTTOM OF MY HEART

Because we said we want CHANGE
GEJ now gave
us N10
change on petrol.
If Jonathan
wants we youths to
vote
for him,he should do d following;

1. Reduce d subscription of BlackBerry to N200 naira.

2. Make sure ATM dispenses as
low as N50 naira notes

3. Iphone 6 is as low as N2,300.

4. Even if u dont write exams, u
already v 2.0 minimum CGPA

5. Make Tonto Dikeh d new First Lady

6. NTA would change thier boring
station tone.

7. PDP shld change thier logo
from Umbrella to Watermelovn or Plantain Chips

8. Corpers should b given 70k per
month

9. Free Calls from 7p.m till
10p,m

10. Make me the minister of
Finance.

11. Make my father chief of staff.

12. #lobatan

I wud hav soport u buh number 10&11 shows dat u ursef is very stingy! Lolz

aneke peter chukwujekwu wrote:

Gudnews, over since december i stop puting fuel in my car just because of #120 per liter in enugu.

u can't compare village wif city nah!

Hahaha! Enugun the coal city.

Safex wrote:

aneke peter chukwujekwu wrote:

Gudnews, over since december i stop puting fuel in my car just because of #120 per liter in enugu.

u can't compare village wif city nah!

which village.

aneke peter chukwujekwu wrote:

Safex wrote:

aneke peter chukwujekwu wrote:

Gudnews, over since december i stop puting fuel in my car just because of #120 per liter in enugu.

u can't compare village wif city nah!

which village.

In this same nation

Hmmmmm

before everything take effect should be after one week or so

Already selling @ ib

Even here in abk.

Better

aneke peter chukwujekwu wrote:

Safex wrote:

aneke peter chukwujekwu wrote:

Gudnews, over since december i stop puting fuel in my car just because of #120 per liter in enugu.

u can't compare village wif city nah!

which village.

enugu

smile2012 wrote:

Already selling @ ib

God go bless them there for been sincere

sunnyga wrote:

smile2012 wrote:

Already selling @ ib

God go bless them there for been sincere

Amen, God bless my state to (Ogun).