Minister of Petroleum Resources, Deizani Alison-Madueke, has said the Federal Government has approved the reduction of the pump price of premium Motor Spirit, otherwise known as petrol, by N10, due to the fall in the global price of crude oil.
In effect, PMS will now sell for N87 per litre.
Alison-Madueke directed all fuel stations and the regulatory authorities to effect the change of price immediately.
Punch, January 18, 2015
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