Nigerian Government reduces Petroleum Motor Spirit Price From =N=97 To =N=87!

This election period is getting interesting by the day, in what appears to be a glimpse of hope to the average Nigerian, Petroleum Minister, Diezani Madueke, announced a reduction in fuel price from N97 per litre to N87 per litre, with effect from midnight.
She revealed this in a statement, she issued Sunday, January 18 2015.



The statement read: 
"As you may be aware, there has been a lot in the oil market in the past few months and due to this, importation prices of our petroleum products have been impacted. Therefore, with the approval  and directive of Mr. President and by virtue of Section 6 clause 1 of the Nigerian Petroleum Act, it is my responsibility as Minister of Petroleum Resources to hereby announce a reduction in the pump price of Petroleum Motor Spirit (Petrol) from the current Ninety Seven Naira (=N=97 per litre pump price down to Eighty Seven Naira (=N=87=) per litre pump price, effective from twelve (12) midnight Sunday, 18 of January 2015. Accordingly, I have directed the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Department of Petroleum Resources (DPR) to ensure strict compliance of this price adjustment by all marketing companies. It is my hope that all Nigerians will benefit from this adjustment. I thank you and God Bless you all

Diezani Alison-Madueke (Mrs.) CON 

Honorable Minister of Petroleum Resources".


It is not certain if this is mere campaign strategy, or sheer luck to Nigerians. 

Which ever it is, let's just enjoy the ride...


Do you think the federal government should have gone lower than =N= 87?


Share your thoughts please....