Senior Special Assistant to the President on Niger Delta Affairs, Ita Enang, has disclosed plans by the Federal Government to reducefuel price to N100 per litre.
According to Enang, the Federal Government has concluded plans to hold a national conference on integrating modular/artisanal petroleum refinery operations so as to improve the capacity of the products and bring down prices of petroleum products.
This was disclosed by Enang during a held news conference on Tuesday, March 10, in Abuja.
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The conference which is scheduled to hold on March 16 and 17, is to be held in collaboration with the Federal Ministry of Finance, Budget and National Planning.
Mr Enang noted that the summit’s outcome would help to crash the country’s prices of petroleum products.
He added that the conference will mobilize all Nigerian assets including engineers, technologists, and other relevant professionals, including producers of petroleum products at the creeks.
“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, “ he said.
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