The Federal Government has announced the reduction of Premium Motor Spirit, PMS, from N97 per litre to N87 per litre.
Diezani Alison-Madueke the Minister of Petroleum Resources, made this known at a press conference at the presidential villa, Abuja, that the new price regime would take effect immediately. Mrs. Alison-Madueke said the N10 reduction in fuel price was necessitated by the reduction in crude oil prices in the international market.
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