Jan. 2 (Bloomberg) -- The military government of Guinea, which seized power on Dec. 23, has cut the price of gasoline by 13 percent after crude oil prices declined.

The price has been cut to 4,800 Guinean francs ($0.96) a liter, Nouhou Thiam, a spokesman for the government, said in a statement broadcast on national television. In November the price of gasoline was cut by 27 percent in Guinea

Last Updated: January 2, 2009 00:36 EST