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Nigeria Reduces Oil Prices
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Published on 01 Apr 2026 / In
News / World News
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Nigeria has announced a 10%cut in local pump price of petrol following the continued fall in global oil prices. A litre of fuel now sells for 87 naira, which is around 51 U.S. cents. Analysts say the new pricing template now effectively wipes off a controversial government subsidy on petrol. But what happens when global oil prices begin to pick up? CCTV's Deji Badmus reports.
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