With the falling prices of crude oil in the international market, the Federal Government may consider a downward review of the prices of petroleum products in the country.Clues from the Department of Petroleum Resources (DPR) hinted that government may have, in fact commenced work. e go better o

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The reason why they are doing that is cos for the first time in months, they are making gains on landed products as opposed to subsidization (losses)
If they were to let the prices remain, It would be a good step forward in yar'adua's so called mission to make NNPC a professional world class oil company.
This is as opposed to the Boiler Room Chop Shop it is today.

However, we all know that the subsidies provide a good avenue for them to siphon funds.

If our govt was sincere, now would be a good time to partially deregulate and let the marketers fix the prices or let the prices be & channel excess funds to our death trap roads. they could also abolish the Road Tax while they are @ it.

For example some of the majors are already selling diesel (which is deregulated) @ N75 depot price and DPK @ N48.50.

However all i've said above is probably wishful thinking so, if they feel like reducing the prices, who am i to stand in the way of a good thing.

i heard the price of diesel has been reduced by the federal govt.

We shouldnt be paying much for petroleum products in the first place!