In a move aimed at providing relief to the people, the federal government announced a major reduction in the price of petroleum products.
According to a report issued by the Federal Department of Finance, the price of gasoline decreased by $15.39 and the price of high-speed diesel by $7.88. In addition, the price of diesel fuel was reduced by $7.54.
After this adjustment, the new price is $273.10 for gasoline, $274.08 for high-speed diesel, and $161.17 for light diesel.
“The new oil prices will be effective for the next two nights from May 16,” he said.
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Earlier this month, on May 1, the government reduced the price of gasoline by $ 5.45, and a significant decrease in the price of diesel.