Lagos - The Federal Government would on January 1 next year reduce the pump price of petrol to N85 per litre, reports Sahara Reporters
The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu said this in the Port Hacourt, while inspecting the refinery on Christmas day.
Also read:Petrol price soars as scarcity persists across the country
According to him, the new price is below the current N87 per litre and it would now convince Nigerians that the pricing modulation that the Federal Government promised to embark on a few days ago was not a trick.
He noted that following government's analysis and research, it has been realized that the country can fluctuate the fuel market in accordance with the crude oil market fundamentals.
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