ABUJA (SundiataPost) The Federal Government has reduced the pump price of petrol (Premium Motor Spirit, PMS) to N87 per litre from the current price of N97 per litre.
According to a statement signed by Mr. Ohi Alegbe, group general manager, Group Public Affairs of the Nigerian National Petroleum Corporation (NNPC), the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Sunday announced the reduction effective midnight of Sunday 18th January, 2015.
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The statement further said the Department of Petroleum Resources (DPR) and the Petroleum Products Pricing Regulatory Agency (PPPRA) have been mandated to ensure compliance.