News
FG Unveils Plan To Reduce Fuel Price Below N100 Per Litre
The Federal Government of Nigeria has announced plans to integrate artisanal/modular petroleum refinery operations.
This was disclosed by Ita Enang, the Senior Special Assistant to the president on Niger Delta Affairs, during a press conference on Tuesday, March 9, in Abuja.
Enang reportedly said the aim of the conference is to seek ways to increase refining capacity and cause a drop in the price of petroleum products.
According to the presidential aide, the conference is scheduled to hold on Tuesday, March 16 and Tuesday, March 17.
Enang was quoted to have said: “As the cost of crude goes higher, the cost of refined petroleum products goes higher but if we refine these petroleum products in Nigeria, the cost will be very low.
“And, the intendment of the conference is to mobilise these resources so that we can bring the prices of refined petroleum products down to below N100 per litre.”
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