FG Removes Fuel Subsidy, Reduces Pump Price

The Federal Government has made its intentions known to reduce pump price of petrol to N85 per litre, come January 1.

Vanguard reports that the Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu, addressed newsmen during a tour of the Port Harcourt refinery yesterday, December 25.He said that the Federal government is working to reduce the pump price of petrol to about 85 or 86 naira per litre by Jan 1st. He said:

Senate To Tackle Fuel Scarcity

The Senate Committee on Petroleum Downstream Sector has embarked on tour of depots to get firsthand information with a view to ending persistent fuel scarcity across the country.

Vice Chairman of the committee on Downstream Sector, Senator Jubril Barau, who visited Pipelines and Products Marketing Company (PPMC), Kaduna area office, said the senate would do everything within its constitutional power to solve the lingering fuel crisis, which had brought untold hardship to Nigerians.

He said the present administration and other stakeholders in the oil sector were committed to bringing succour to Nigerians, adding that the fuel scarcity must be resolved.

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