The Minister of Petroleum Resources, Diezani Alison-Madueke announced that there will be a reduction in the fuel price from N97 to N87 per litre. She said at a press conference at the presidential villa, Abuja, that the new price regime would take effect immediately. Mrs. Alison-Madueke said the N10 decrease in fuel price was due to the reduction in crude oil prices in the international market.
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