The Federal government has announced a reduction in the pump price of premium motor spirit, otherwise known as petrol, from N168 to N162.44 per litre with effect from December 14.
This was disclosed by the Minister of Labour and Employment, Dr Chris Ngige, at the end of a meeting with labour leaders which began around 9 pm on Monday and ended at 1:30 am on Tuesday.
The minister said a technical committee had been set up to ensure price stability in the industry
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