FG plans to reduce fuel price below N100

Federal government of Nigeria says it has concluded a plan to hold a national conference on integrating artisanal/modular petroleum refinery operations to improve the capacity of the products and bring down prices of petroleum products.

The Senior Special Assistant to the President on Niger Delta Affairs, Ita Enang, revealed this during a news conference on Tuesday in Abuja.
In agreement with the Federal Ministry of Finance, Budget and National Planning, Another meeting will be held on 16th March and 17.

Mr. Enang stated that the outcome of the summit would help to reduce the country’s prices of petroleum products. According to him, the conference will bring to getter all Nigerian assets, including technologists, engineers, and other relevant disciplines, including those producing petroleum products at the creeks.

“As the cost of crude goes higher, the price of refined petroleum products goes higher, but if we refine these petroleum products in Nigeria, the cost will be very low.

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.”

Leave a Reply