Just In: FG plans to reduce fuel price below N100

The government says it has closed an arrangement to hold a public meeting on incorporating high quality/particular petrol processing plant tasks to improve the limit of the items and cut down costs of oil based commodities. 

The Senior Special Assistant to the President on Niger Delta Affairs, Ita Enang, uncovered this at a news gathering on Tuesday in Abuja. 

As a team with the Federal Ministry of Finance, Budget and National Planning, the Presidency will hold the meeting on March 16 and 17. 

Mr. Enang noticed that the culmination’s result would assist with smashing the nation’s costs of oil based commodities. 

He added that the meeting meant to coordinate nearby refining limit into refining oil based goods like petroleum, lamp oil, diesel, and other petrochemical items. 

As per him, the gathering will assemble every Nigerian resource, including technologists, engineers, and other applicable orders, including those delivering oil based goods at the streams. 

He said, “As the expense of unrefined goes higher, the cost of refined oil based goods goes higher, however on the off chance that we refine these oil based commodities in Nigeria, the expense will be extremely low. 

“The intendment of the gathering is to assemble these assets with the goal that we can bring the costs of refined oil based commodities down to beneath N100 per liter.” 

Mr. Enang further said the gathering would help ensure the climate, clarifying that the meeting won’t legitimize unlawful mining yet coordinate the administrators into the real refining measure. 

He additionally said the direness of holding the gathering was on the grounds that the National Assembly had vowed to pass the Petroleum Industry Bill by April. 

“The vast majority of the issues that will be tended to at the meeting are such issues that will require enactment, so any arrangement that will be arrived at which requires enactment will be obliged in the PIB,” he uncovered. 

(CorrectBro)