FG Fixes Petrol Price At N86.50k Per Liter From January 1

Date: 30-12-2015 9:54 am (8 years ago) | Author: CLARA JANCITA
- at 30-12-2015 09:54 AM (8 years ago)
(f)

The Federal Government of Nigeria has announced a reduction in the pump price of petrol from N87 to N86.50k per litre with effect from January 1st.
In a statement signed by the‎ executive secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Farouk Ahmed in Abuja, FG said that the Nigeria National Petroleum Corporation (NNPC) retail stations will sell at N86 per litre, while retail outlets owned by oil marketers will sell at N86.50k per litre. ‎

The new price follows the approval of the minister of state for petroleum resources Dr. Ibe Kachikwu. The statement adds that the new price will remain till March 31, 2016.
Quote
“This is not static; there will be a quarterly review of the pricing template. However, if there is any pricing shift, the minister of state for petroleum resources may call for a review upwards or downward depending on the market condition but for at least the first quarter of 2016 the price will be N86.50/litre while for NNPC it is N86/litre,”
he said.

Posted: at 30-12-2015 09:54 AM (8 years ago) | Hero
- gogoman at 30-12-2015 10:35 AM (8 years ago)
(m)
na una sebi, just make it available simple
Posted: at 30-12-2015 10:35 AM (8 years ago) | Grande Master
Reply
- Ayodun1 at 30-12-2015 10:59 AM (8 years ago)
(m)
Who go pay the Kobo ?
Posted: at 30-12-2015 10:59 AM (8 years ago) | Gistmaniac
Reply
- okatee at 30-12-2015 11:48 AM (8 years ago)
(m)
abeg, wetyn be d difference?
Posted: at 30-12-2015 11:48 AM (8 years ago) | Gistmaniac
Reply
- Oworen25 at 30-12-2015 11:51 AM (8 years ago)
(m)
Hahahaha this people are funny oh tell me what is the difference between the two prices who are they fooling now is it me, you, or themselves.
Posted: at 30-12-2015 11:51 AM (8 years ago) | Hero
Reply
- owolaborn at 30-12-2015 12:02 PM (8 years ago)
(m)
will it end fuel scarcity
Posted: at 30-12-2015 12:02 PM (8 years ago) | Upcoming
Reply
- zezprincess at 30-12-2015 12:24 PM (8 years ago)
(f)
Hmmmmm,change indeed,we are watching!
Posted: at 30-12-2015 12:24 PM (8 years ago) | Hero
Reply
- winace at 30-12-2015 12:28 PM (8 years ago)
(f)
OK good. Let me believe dat they reduce it to 40 as promised.
Posted: at 30-12-2015 12:28 PM (8 years ago) | Addicted Hero
Reply
- botlex at 30-12-2015 02:41 PM (8 years ago)
(m)
Nice one, But u guys shouldn't make demand exceed supply.
Posted: at 30-12-2015 02:41 PM (8 years ago) | Gistmaniac
Reply
- kp45 at 30-12-2015 03:04 PM (8 years ago)
(m)
Una ear well well. Please just make it available.
Posted: at 30-12-2015 03:04 PM (8 years ago) | Addicted Hero
Reply
- Mopera at 30-12-2015 04:43 PM (8 years ago)
(m)
THAT WAS GUD
Posted: at 30-12-2015 04:43 PM (8 years ago) | Gistmaniac
Reply
- Mopera at 5-01-2016 08:38 AM (8 years ago)
(m)
Hahahaha this people are funny oh
tell me what is the difference
between the two prices who are
they fooling now is it me, you, or
themselves.
Posted: at 5-01-2016 08:38 AM (8 years ago) | Gistmaniac
Reply
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