ABUJA, March 18 (Reuters) - Nigeria has introduced a
"modulation mechanism" that will allow a reduction in petrol
costs if there is a decline in crude prices, a presidency aide
said on Wednesday.
"Nigeria has now introduced a modulation mechanism - if
crude oil prices go down we will see a reduction in petrol
prices. If prices go up we will see an increase," Bashir Ahmed
said in a tweet. He attributed his remarks to the petroleum
minister.