Politics

Nigeria to reduce price of petrol

A litre will cost 125 naira ($0.34, £0.29), down from 145 naira.

Nigeria’s government is to cut the price of petrol as global crude oil prices plummet.

A litre will cost 125 naira ($0.34, £0.29), down from 145 naira.

“This action is being taken to cushion the economic impact of Covid-19 on our people,” the Reuters news agency quotes Petroleum Minister Timipre Sylva as saying.

Despite being one of Africa’s largest oil producers, Nigeria has to import most of the fuel used in the country.

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