Buhari To Reduce Fuel Price Below N100

The federal government has claimed it has concluded plans to hold a national conference on integrating artisanal/modular petroleum refinery operations, in a bid to improve the capacity of the products and reduce prices of petroleum products.

President Muhammadu Buhari’s Senior Special Assistant on Niger Delta Affairs, Ita Enang, disclosed this at a news conference on Tuesday in Abuja.

The Presidency will hold the conference on March 16 and 17, in collaboration with the Federal Ministry of Finance, Budget and National Planning.

Enang noted that the outcome of the summit, would help to crash the country’s prices of petroleum products.

He said, “As the cost of crude goes higher, the price of refined petroleum products goes higher, but if we refine these petroleum products in Nigeria, the cost will be very low.

“The intendment of the conference is to mobilise these resources so that we can bring the prices of refined petroleum products down to below N100 per litre.”