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Plans are ongoing to Reduce Fuel price below N100 per litre – F.G declares

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After much deliberation and unpleasant reactions from Nigerians, The federal Government has decided to reduce the fuel price to an amount that will favor Nigerians this was disclosed by the special assistant to the president on Niger Delta issues.

The federal government says plans have been concluded to host a national conference on the integration of 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, The Cable reported. 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.

The presidential aide disclosed that 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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