The Nigerian authorities has ordered the discount of pump value of petrol from N168 per litre to N162.44 per litre.
Minister of Labour and Employment, Chris Ngige stated the discount would take impact from December 14, 2020.
Ngige disclosed this whereas talking with journalists on the finish of a gathering with labour leaders which started at 9pm on Monday and ended at 1:30 am on Tuesday.
He stated a technical committee has been arrange by the bigger home to make sure value stability within the oil business.
The minister disclosed that the committee, which can report again to the lager home on the 25 of January subsequent 12 months, might be appraising the market forces and each different factor that may make for stability within the business.
Premium Motor’s Spirit [PMS] presently sells at N168, after it was became greater by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, NNPC.