Fuel pump price decreases from N168 to 162.44 per litre

The Nigerian government has requested the decrease of pump price of petroleum from N168 per litre to N162.44 per litre.

Minister of Labor and Employment, Chris Ngige said the decrease would produce results from December 14, 2020.

Ngige uncovered this while talking with columnists toward the end of a gathering with work pioneers which started at 9pm on Monday and finished at 1:30 am on Tuesday.

He said a specialized board has been set up by the bigger house to guarantee value soundness in the oil business.

The minister revealed that the council, which will report back to the ale house on the 25 of January one year from now, will be assessing the market influences and each other thing that will make for security in the business.

Premium Motor’s Spirit [PMS] right now sells at N168, after it was expanded by the Petroleum Products Marketing Company, an auxiliary of the Nigerian National Petroleum Corporation, NNPC.

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