The Minister of Petroleum, Mrs. Diezani Alison-Madueke, today announced the reduction in the pump price of petrol. She noted that in compliance with the petroleum act, it is her responsibility to "announce that there will be a reduction in the pump price of petroleum, premium motor spirit by N10, i.e. from N97 per litre to N87 per litre".
According to her, the change will take effect from midnight, Sunday 18th January, 2015. The Petroleum Minister said she has "directed the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Directorate of Petroleum Resources (DPR) to ensure that there is strict adherence to this new pricing regime."
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