Nigeria: Petrol Now N97/Litre

16 January 2012

President Goodluck Jonathan early this morning announced a slash in petrol price to N97 per litre, down from about N144 that it climbed to after the New Year's Day removal of fuel subsidies.

But the president's gesture, which is contained in the text of a speech scheduled to be broadcast this morning, did not satisfy labour unions who announced minutes earlier that the strike would continue today but street rallies had been shelved.

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