We have some good news today for the multiple readers that purchased Google’s awesome Nexus 7 tablet late last month, only to find out on the 29th that Google dropped the price of the 16GB tablet $49 dollars. Earlier today we reported ASUS giving out vouchers, and it looks like Google will be doing the same or better for their customers. This is extremely good news.

Google has introduced a “Price Protection” model for devices in the Google Play Store. For those who aren’t keeping track at home the 16GB Nexus 7 was $249 and on October 29th Google announced it would replace the 8GB model and cost only $199. I’d be pretty upset if I recently bought the 16GB model, and a few days later it’s $50 less. So today they are reassuring customers that they’ll refund that money.

“If we reduce the price of a device on Google Play, we’ll refund the difference in price if your purchase occurred within 15 days of said price reduction.”

As you can see above, this is clearly aimed at all those 16GB Nexus 7 purchases. If you bought the Nexus 7 from Google on or after October 14th, you’re eligible for a refund of the difference in price. Most likely Staples, Office Depot, and other retail stores offer something similar and we’d recommend you give it a try.

If you are one of the many who purchased the Nexus 7 16GB in that time frame, be sure to hit the source link below and follow the instructions and request a price protection refund. We have a feeling the Galaxy Nexus might be getting a price drop soon too, so this should also cover that should you run into the same circumstances. Enjoy the $50 refund folks!

[via Google Play Support]