As you may be aware, there has been a lot of volatility in the oil market in the past few months and due to this the 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 (=N87=) per litre pump price, effective from twelve (12) midnight Sunday, 18th 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
Honourable
Minister of Petroleum Resources
382 comments:
1 – 200 of 382 Newer› Newest»Election strategy
I hope those Fuel station will adhere to it as soon as possible.
Madam, It took you so long to do what you should do. Election forced that change.
$.
$.
@Mr Endowed via Lumia phone
I still insist on the 56 per litre that was active before he became the president....its cheap for the masses to purchase than this new price
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¤¤¤GUTS OVER FEAR¤¤¤
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¤¤¤QUEENMAYA¤¤¤
Reducing it isn't d. Issue. Make it always available. Biko
Reducing it isn't d. Issue. Make it always available. Biko
FORMAT!!!
.
.
.
.Disclaimer:: Raise Your Words, Not Your Voice. It Is Rain That Grows Flowers, Not Thunder..
God punish wunna so u mean reduction was possible all d while? We are not stupid and we shall not vote PDP. Yinka
ok
Kudos to FG....
F**k off Allison... We know better now...using Nigerians and dumping dem like harlots...Gosh am angry 2nite
Ah, this woman I still petroleum minister? See money ohhhhh
OLOFO
SO BECAUSE YOU BASTARDS ARE ALMOST GUARANTEED TO LOSE THE ELECTION YOU ARE SADDLING THE INCUMBENT PRESIDENT WITH A LOSS OF 10NAIRA PER LITRE ON FUEL ABI.
UNA GO RUN DOWN. DEMONS
This is an uppercut for the opposition! Thats great news though.
All na election tactics...I pray it remains dis way after election ooooh...and I hope dez filing stations sell at #87 too oooh
WE DONT CARE.THEY COULD HAVE DONE THIS SINCE IF THEY WANTED TO BUT INSTEAD THEY KEPT THE HIGH PRICE.NOW REDUCTION SO CLOSE TO ELECTION THEY HAVE REDUCED IT .SCAM OF THE HIGHEST ORDER!!! WE WONT STILL VOTE FOR GEJ!!!
Ok ooo. Seen! I hope d prices of goods and transportation goes down as well.
Lmfaooo...see strategy 4 election o..lmfaoo
Nice move... u guys can do better!!
Shior
Shamlessss people. Is still Buhari 2015
All name politics!
You no do am on time!
Yipeee, first to comment! Baby oku
we know once the election is over, things go back to normal...selfish people
Hmmm you are reducing fuel price by 10 naira wen a barrel of oil is selling at less than half of the price it used to be ? Chei
i won't last for a long time, after election we know what gonna happen....we don wise before una press our mumu button lol
#Commenting thru Glo 4G LTE
It's sad how many Nigerians are ignorant thinking prices were reduced due to the election. Don't yall watch the news or go on cnn. Oil per barrel is less than $50 so of cus it had to be reduced. We buying has here for $1.60 a gallon. Do the math a gallon=3.5 liters or thereabout
EBELE JONATHAN.. YOU BE YAHOO YAHOO PRESIDENT!!! IF U WIN E GO TURN TO N200 PER LITRE
Election strategy?
It changes nothing!!!! We no longer want you oga Jona!!!!!!! If he like mk e reduce am 4rm N97-N10, we no go still vote 4 u. Maybe if he had reduced earlier wen he shud av, we probably wud av sed sumfin sweeter like "God bless our president, Tnx 4 d reduction" loooooool
EBELE JONATHAN.. YOU BE YAHOO YAHOO PRESIDENT!!! IF U WIN E GO TURN TO N200 PER LITRE
Story for the gods!!! On the eve of his departure? Oga jona,who b fool?
This simply shows that the fuel subsidy removal was unnecessary also this is an insult on the intelligence of Nigerians by reducing the fuel price when election is close by..its just unfortunate that APC didn't come up with a better candidate if not Jonathan's administration would be I. The past well no shaking God dey one day you all shall answer nature's call no matter what you have..long live Nigeria!!!
EBELE JONATHAN.. YOU BE YAHOO YAHOO PRESIDENT!!! IF U WIN E GO TURN TO N200 PER LITRE
Making sense!
Fine woman better talk
Big time Fraud.
Remove the damn subsidies. The Government has no business setting the price of Fuel. They should only regulate quality. Over N 1 trillion spent on subsidies last year. Most of it shared by the NNPC, and their croonies.
The prices will fall naturally if the government gets out of operations, and true competition will ensure the setting up of local refineries.
GEJ wan win by force, abeg make una reduce price of cars abeg, make I buy one abeg!
Big time Fraud.
Remove the damn subsidies. The Government has no business setting the price of Fuel. They should only regulate quality. Over N 1 trillion spent on subsidies last year. Most of it shared by the NNPC, and their croonies.
The prices will fall naturally if the government gets out of operations, and true competition will ensure the setting up of local refineries.
Smartest President in Nigeria
GEJ good move
GEJ we love you
#GEJourvalentine
but GEJ abeg I go fit kiss Diezani eyes abeg...she has cute frog eyes unlike Tinubu that look like agbero toad
Very gud I heard over d news on nta
Please, let elections hold every year in Nigeria. Pump prices will be reduced, Maiduguri will be visited, corruption will be given a thought, albeit a deceitful one.......
Thank you ma
mmmmm!!!! Isorite
Hmm for real.....
e b like say dey want tell me anoda story again oo. e like say dey do anoda deceiving againooo. all i want to say is that dey don't care about us, and all d really want to do is to steal more of our billion. 2BABA
Wow! Dis is gud! Nw we can vote GEJ! 4 a job well done! Since dia's no power we can nw burn fuel!
desperateness.com.ng
This woman should take several seats, they are all trying to keep their fraudulent seats. Greek gift. If no be for election, una no go reduce am na.
OK na, We don hear. Election don reach. Don't expect me to be excited abt it.
At long last
We are still voting wisely. E don do.
At long last
All because of election SMH
My crush of Life....One of d best minsters in GEJ's government
This is unacceptable! It should go back to N65/Ltr. Period!
u can go to hell for all i care madam. y N87 wen the price per barrel is less than $45. ur days r numbered
That is nice if at all it will be implemented.
we don't want jona again, wheda they reduce it to N5 per litre. wot about the innocent people he has been killing everyday all in desperation to win the coming election. evil jona will never go unpunished.
After have filled my tank,*idiots* all na cause of election!!
We don hear o, how dis news wan make me fat na, I need flesh abeg. #lindagiveawayonmymind
Jonathan cheap ass move
Good news
All in the name of conversing votes for PDP...what a shame..Is it 10 naira that nigerians can't afford? , we have bought fuel for 200 naira/liter and we have not died...All rubbish, it's not now they would now reduce pump price of fuel..2mrw u'll wld hear PDP credit themselves for d reduction of 10 naira....What nonsense we see in nigeria...Smh. .
After May 29, u'll increase it to N150 right? Do not fool us. #GEJOUT
powerful woman my crush
cheap campaign things. GMB2015. change is all we want now.
Good but get it to 77 naira.. This is good news. Please transport and haulage services should take note of this as transports affects the price of everything.
He wants us to sell our vote for #10. Evil people with evil plots. Even if you give us @ #20 we will vote GMB.
God will definitely punish Jonathan, so election time is here they want to bribe us again.
so why now, after lots of hardship. May be rot in hell
How are we sure they won't go back on their word after d election
All in d name of winnin election hw abt afta feb 14th
This aunty thinks we are clueless like her boss. Nope!very Cheap bribe
When will you come and explain the 50bn USD diverted by you,and ur partners.
fowa 2 fipple...barely 3 weeks to election.team GEJ reduces prices...na wa o...nija is more like a seasonal film
Tnx FG....but hope is not for campaign
Which volatility? Its ok, so long as tanker drivers don't go on strick for sake of underpayment again
I an not moved by her lame speech. I simply don't admire this bitch with her obnoxious display of peacock arrogance. It is common knowledge that price of OIL has drastically fallen in geometric proportion worldwide. We are suppose to pay 34 Naira per litre.
Na Today
Shior! Campaign strategy.. it won't work rara! Na the person wey drop amm now go enter again put amm for 187 naira again. Ko jor
All because of election....
Get for president!!!
OK na. So how does that affect me?im ain't excite abt it Cuz I know it because of next month.
Thief.oleee..she and Jonathan are the same.Diaziane must go to jail.Reduce pump pride of fuel.mchewww!long over due.idiot oshiii
Election drama
Please do not jubilate.gas price reduces every week here in America.it reduces by 6 cents.the lowest in 6 years
Good for the people but I ask. WHY THE REDUCTION NOW!
Its all political in a bid to reelect GEJ..:.. heaven knows I won't cast my vote for him.
87 Naira? This people are jokers! The cost of petroleum has hit rock bottom n yet 87 Naira! This country's government never seizes to amaze me.
This woman i so admire
All na wash joor after election the fuel pump price increase. Lol Nigerians wake-up ooh!!! We Nigerians need change vote GMB and prof Osinbajo. For president nest month 14th gbam! PDP and corruption must go!!!
I guess President just won my vote!
#10 difference, hp is not because of coming elction,4 going by the rate at which price of crude reduce in international mrt, pump price is supposed to be lower than this, anyways una don try.
All because election is around the corner. Master play from jonathans play book
I guess President just won my vote!
If the Price of crude dropped almost 60% and the government still subsidies petroleum product, then she is MAD.... Only N10
Just ten naira! Am so not impressed!
All na wash joor after election they'll increase the fuel pump price. Lol Nigerians wake-up ooh!!! We Nigerians need change vote GMB and prof Osinbajo. For president nest month 14th gbam! PDP and corruption must go!!!
All na wash joor after election they'll increase the fuel pump price. Lol Nigerians wake-up ooh!!! We Nigerians need change vote GMB and prof Osinbajo. For president nest month 14th gbam! PDP and corruption must go!!!
Why did it take you long to effect the necessary change?
God bless Nigeria
All na wash joor after election they'll increase the fuel pump price. Lol Nigerians wake-up ooh!!! We Nigerians need change vote GMB and prof Osinbajo. For president nest month 14th gbam! PDP and corruption must go!!!
Still makes little sense. Why not slash it to half the normal price.
Meanwhile I still have a crush on #lauraikeji
Thanks to you Madam and GEJ government for this development! God bless Nigeria!
At 87 naira it's still one of the highest in the world.... Still not impressed
Too little too late. Oil price has gone down by more than fifty percent since the last couple of months. Naturally our local pump price should have been impacted by at least 40%. 87 naira is still fraud and unacceptable. Not all NIGERIANS are fools. LINDA, tell your people not to jubilate as this is clear case of 419 by the government.
#dtsnoneofmybiz
becus of election *smh* this country eeah,only God will judge them
Na 2day dey break? I ain't thrilled arall.U were advised to reduce it b4 now buh gave flimzy excuse.Now bcos election is close,u now ve a reason to reduce it? Mtcheww
HUMBLE EVE
Na dem sabi. D oil is ours yet we r still beggin.
Mtchww
Check out my blog http://pamscrib.blogspot.com
This is how a president with huan feeling behaves.Please we dont want that blood sucking vampire as president.Linda take note and post my comment
Question: At $120 per barrel of crude, petrol sells for 97 naira. At $48 per barrel of crude, petrol sells for 87 naira. How much will crude cost if petrol sells for 77 naira per litre. Submission deadline 14th Feb.
Fuel price has been reduced long ago its now Nigeria choose to reduce theirs... won try gan
Lols uhmmmmm political propaganda na hin be dis, reduction of fuel price some days to election shey den don revert subsidy wey dey remove ni nawah o there's God in all this tins u are sharing o
Its a bold step,They should continue to reduce it till it gets to #50,
Dats Kul
#GEJ we thank you but hmmmm
Pertol price has been reduced 97~87 #10 difference, But still the price difference is not significant in correlation with the global price reduction in crude oil, I was expecting something less as an oil producing nation + govt claimed oil subsidies.....Or what do u think about the price?????
Rubbish!! So I should b happy about this? It's supposed 2 b a 40 to 50 percent reduction.
Jesus is Lord.
I ain't thrilled.Aint a big deal.After all d extortions. Na 2day dey break?
HUMBLE EVE
Why this people making it look like they're doing us a favour,even announcing it with pride, when the prices of oil is crashing around the world, they should go and bury the faces inside mud .
Hmm.. Anyway it's a worldwide trend
Filling stations no go gree!! They will keep claiming they have not finished selling "old fuel"
Na you sabi. So you guys could bring down the pump price all this while. For your info Mrs petroleum minister please tell your boss we have heard but this campaign strategy won't still get you my vote. Bunch of thieving leaders.
May God punish them,did dey thik we are fools?
This is crystal clear ''that our leaders think we are fools # excuse me all this while??what happened " ooh my dear bro/ sis... I weep for my country because '' our leaders don't have the mere citizen @ heart..we are being used daily...stand up 4 ur right we can achieve it..... #saynotobeingused#.......we need a new administration and yes it will be better I believe it 'we can achieve it if we all come together in unison
Wow.....well said mrs honourable minister
Do we still have Minister of petroleum in Nigeria? Na wa ooo . Anything that will benefit PDP. Am not impressed
Oga jona u don wake? Hehehehehehe dis woman dis your eyes no be here oooo
Do we still have Minister of petroleum in Nigeria? Na wa ooo . Anything that will benefit PDP. Am not impressed
Do we still have Minister of petroleum in Nigeria? Na wa ooo . Anything that will benefit PDP. Am not impressed
Dem try small
Ok i see
Just 10 naira and would it be implemented? This is just to boost jonathan presidential bid .
Thank goodness
Thank goodness
All for elections next month, all these positive actions carried out buy the president is so much that I'm suspicious or maybe that's because I'm a Nigerian IG:Grey_Julz
Fake!!!
...hmmm i reserved my comments for now!
www.naijarebrander.blogspot.com
#GodSaveOurCountry***
Hhahhahahhahhhaaaa.....im loving dis...ofcus i know dt dis election would puah up many and many untold ...
...
We expect more Mr president. ....
♤♤♤♤♡♡♡○○○○○♢♢♢♢
Onye aghoriiii ka-agbaa
D statement makes no sense. If importation has been impacted due to volatility, is it a negative or positive impact? Taking devaluation into consideration, I assume it's negative meaning d prices should b increasing and not decreasing. Dis jus goes to show that d govt could hav reduced d price anytime they wanted. Now they want to look good while citing saying mumbo jumbo. Mtcheww
Seriously Good!!! Nigeria is improving.... #iamevebzz
Greek gift from Jonathan.......thanks to his govt but he's still not getting my vote. Capish!!
Ok,many still remains undone so keep moving mr president
Beautiful woman. Gej knew nigerians will tear him apart if he made this announcement himself like the Jan 1st increament so he chose a pretty woman to do it. No wahala. Nigerians r used to deceit. If this price continues till march, then i'll know what to say.
yipeee, Good news
Come and shake me alison madueke useless people in power,so if not because of election it would be another thing God is watching u and jonathan a country bless with mineral resourcess is suffring for it hmmm a day of reckoning is coming.
Come and shake me alison madueke useless people in power,so if not because of election it would be another thing God is watching u and jonathan a country bless with mineral resourcess is suffring for it hmmm a day of reckoning is coming.
Election Stunt.
Yeeeeeaay! I can finally buy that Mercedes
God bless GEJ for this changes. Sai GEJ 14th Feb.
Thats nice, even at that pple ill still look 4 what to say. Fine woman!
As per election nah.. We no be mumu oo!! All of una way day chop our money.. E go soon choke una..
na dem know...all for election
Choi! Oga Jonaaa! Political tins! Anyhow sha its a bit okay
We are not fools,Rubbish
Thanks for the kind gesture, #FeBuhari 2015 still...
Coming late! Campaign thinz!!!!
It's all politics jor. Another tactic to win election
Its nice, bt 10naira hmm. Better than none sha..
A ploy to make Nigerians vote for gudluck ... scammers
I so much respect and admire this lady. am nt talkin based on her announcmnt dx nyt, am a. big fan of her..always.
Linda, I didn't receive any call from OBAMA!!
Campaign/election tinz
Will it make our economy rise???
Rubbish na today day break other nations hav reduced their pump price na now jona see road
Its supposed to reduce to 50naira..
****NINA****
Ole thief barawo una wan use 1naira collect 100naira from us,we Don decide already change
ermmmm did she really call PMS petroleum motor spirit ? i would have sworn it is premium motor spirit AKA petrol
I can smell desperation. if it takes fear of the electorate and opposition to drive Oga Jona to Borno and Daisy Sweet Brent to reduce PMS. Nigeria is on the right path. We cant be bribed or fooled. Change is what we need.
Good news up jonathan till 2019
Politics nonsense
GEJ is such a funny man, in less than 1month to the presidential election, fuel price is being reduced to #87 n Nigerians have been suffering for the past 2yrs...GEJ, u'v failed totally.
There is nothing election will not cause...
Nice one Mr president
Hope it remains this way after February 14
Why is the timing this close to the election period? Too little - too late
What a move?? What happens after the elections? Na now GEJ just dey wake up..
at last,hallelujah,but all na to win elections sha.
Gej is working...
awww ,,,,,,,,i was expecting #45
!r President is black. Angel. GEJ2015-2019. Engr Emy
She's MAD and GEJ is crazy
this is a good news for Nigerians. despite the austerity.
Yeye dey smell lol
Why now?.....so with the fall in oil export, pump price can be reduced in Nigeria. This means it can still go low, PolitRicians
U and ur pay master would soon be a gooner. If u like reduce it to 50naira. Y'all think Nigerians are dumb abi?
When we elected him pump price was 65 naira.. if we do that again he will make us pay in arrears.. 200/litre... we no chop am
Idiots na nw dem no say e go reduce. They want our vote and after election it will increase.
hmmmmmmm okay o
Good for them
Cheap shot by PDP to win votes???? Oil prices have been going down since last year and its now they are reducing pump prices?? Why not reduce to 50naira? Especially when its something that cam be done!What's wrong with this country?
These nincompoops think we are all intellectually deficient....GEJ visits injured troops in Borno, petrol discounted to N87.....hahaha the fear of angry voters is the beginning, albeit a tad too late, of political wisdom for the Clueless one!
liars and thieves make us feel they are doing us a favour after the price has dropped since 2 months and import prices have gone down even more than 30 Naira less you offer us just 10? There is God o
they want to buy our votes with 10 naira. anyway they can do better by reducing it to 87kobo . shebi na my country oil. but I'll still vote for the right leader
just 10 Naira reduction? Hmmmmm Ninja! We r supposed to be swimming in oil by now
It's like Diezani and GEJ are mad. Do they think we are all stupid like them?
Less than 4 weeks to election, he visited borno, visited the site of newly awarded 2nd Niger bridge, and reduced fuel price. So he can make us suffer for 3 years 7 months and fool us to be nice for the remaining 5 months.
3 giant developments within a week... GEJ try again later, as for feb 14, you're gone..
Good one
.@Galore
nwanyi ayi ji eme onu, ride on n God bless u for that. the Lord shall all b our strength in dis country
NA TODAY ALL FOR RE-ELECTION.WE ARE NOT FOOLS
Fucking BASTARDS!!! Ever since the subsidy had served its purpose effectively it's now u realize its time to slash the price cos of election. This simply means the following;
> Few oil magnates and marketers have raked in billions of Naira from this for years. N10/ litre is what u people are willing to sacrifice from out of the subsidy scam (only God knows from how much Naira per litre u people gain)
> The fact that this was the right step to have been taken since and only executed now shows u have been watching us suffer for what we don't deserve and u all folded your arms while u enjoy the oil subsidy largesse.
> Funny how its now we need the subsidy money the most to serve as a hedge against devaluation is when u slashing the price. That's if u actually made good use of the subsidy money and our reserve funds.
U will only start shooting yourself in the leg if u begin to solve some Nigerian economic problems now in the space of one month which u failed to do in several years u had the chance. This only shows that u know those behind our suffering as a country NIGERIA. Either u support it or u afraid to confront it. All I know is this is medicine after death. Monopoly of govt power by parties is the major problem. No party should feel too comfortable that NIGERIA is their's when they keep fucking up. Read up on "MEN THAT BUILT AMERICA" u will understand what I mean by monopoly of power.
CONCLUSION: I'll vote for Buhari to give him a chance, BUT by God if he messes up then we all vote him OUT again. I feel it's time we give other parties a chance BUT once their elected candidate fucks up then we move onto the next available party even if not well known.
NOTE: I'm not an APC fan, just that Buhari is the only strong candidate other than our current president Jonathan. Sick of politicking...
#TheTruth
Like seriously...... Election things. Please don't be deceived cast your Vote rightly. God bless Nigeria
Good news for Car owners though I think #87 is still much.
Nonsense it makes no difference,,,,,
Ok
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