Tinubu Promises Fuel Price Decrease as Local Refineries Begin Production Soon

President Bola Tinubu has once more suggested that several local refineries are poised to commence the production of petroleum products.

You will recall that shortly after assuming office, the President announced that the Port Harcourt refinery would recommence operations by December 2023.

During the 11th Convocation ceremony of the Michael Okpara University of Agriculture Umudike (MOUAU) over the weekend, the President hinted that the exorbitant fuel price would decrease when the local refineries become operational.

He explained that Very soon, some local refineries will start production, and the current exorbitant prices of fuel will be greatly reduced.

The President, who was represented by the Executive Secretary of the Agricultural Research Council of Nigeria, Professor Garba Sharubutu, acknowledged the prevailing economic hardship in the country but assured that it would soon subside.

He appealed for patience and continued support of Nigerians for his administration as efforts were made to address the challenges in the country.