FG reduces pump price of petrol

The Nigerian government has ordered the reduction of pump price of petrol from N168 per litre to N162.44 per litre.

Speaking with journalists at the end of a meeting with labour leaders, the Minister of Labour and Employment Chris Ngige, said the reduction would take effect from December 14, 2020.

He said a technical committee has been set up by the larger house to ensure price stability in the oil industry.

The minister disclosed that the committee, which will report back to the lager house on the 25 of January next year, will be appraising the market forces and every other thing that will make for stability in the industry.

10 Comments

  1. I swear o can’t laugh only… Nigerian is full of comedian just as one man said earlier last year that… Nigeria suppose to create a YouTube channel to run the government their. Because all of there everything is full of comedy…#168 to #162.44 equal to 143. My question is …who we request for #2 at the filling station? Let’s just say pump price is 165. #EndBadGovernment.

  2. Total nonsense
    These people should stop deceiving themselves thinking that they are deceiving us
    What type of reduction is this
    This is of no effect to the masses

  3. What we need is more than this, we are the number one producing oil country in Africa yet we are still suffering.

  4. They (government) should work on the incident that is happening in Nigeria because what is going on now is beyond reducing little from pump price.

  5. The government should look for a way to solve the insecurities and other problems we are facing in the country.

  6. The way the government is handling the issues in Nigeria is bad, inflation here and there. Everyone deserves to live comfortably.

  7. The pattern the Government of this country Is handling the economy is very very annoying.why can’t pump price have a fixed price, before next week we will hear that it has been increased again.

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