Our source in the presidency said president Buhari who oversees the Petroleum ministry is set to make the reduction which would take effect from the first week of November.
The cost reduction of fuel our sources claim is not in anyway related to the current price in per barrel of oil .
It is alleged that the Presidency are desperately looking for measures that would boost the electoral chances in next years General elections. Presently the presidency is in consultation with stakeholders in the oil industry in both the upstream and downstream sectors to see ways the reduction could be feasible
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