Just In: Nigerian Government Reduces Fuel Price

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The Nigerian government has announced a reduction in the
fuel price of petrol from N97 per litre to N87 per litre. The Minister of
Petroleum Resources, Diezani Alison-Madueke, said at an ongoing press
conference at the presidential villa, Abuja, that the new price regime would
take effect immediately according to Premium Times.

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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