President Muhammadu Buhari says it makes no sense for Nigeria to sell petroleum products at prices lower than those sold in neighbouring countries.
He made this known on Thursday morning while delivering a speech on the occasion of Nigeria’s 60th Independence Anniversary at Aso Villa, Abuja.
Buhari said, “Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre. A comparison with our neighbours will illustrate the point.
“Chad, which is an oil-producing country, charges N362 per litre. Niger, also an oil-producing country, sells oil at N346 per litre. Ghana, another oil-producing country, petroleum pump price is N326 per litre. Further afield, Egypt charges N211 per litre. Saudi Arabia charges N168 per litre.
“It makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia.”
Legendary High-life Singer Prince Morocco Maduka Is Dead
#EndSARS Protests Will Return In 2 Weeks, If Issues Are Not Addressed, Says Ex-Minister
Looting Was Caused By Protest, Not Hunger – Femi Adesina
ASUU Strike Continues As Meeting With FG Ends In Another Stalemate
Senators Discover ‘20 Proposed Electricity Projects’ In Minister’s LGA
Gov. Wike Declares Oyigbo IPOB Leader Wanted, Places ₦50 Million Bounty On His Head
TVC Studios In Lagos Set Ablaze (Photos, Videos)
JUST IN: #ENDSARS Protesters Storm Tinubu’s House In London (Photos, Video)
BREAKING: IGP Adamu Orders Withdrawal Of Policemen Attached To VIPs
Hoodlums Loot Senator Gershom Bassey’s Family House In Calabar, Set It Ablaze (Videos)
#ENDSARS16 hours ago
Lekki Shooting: Amnesty International Doesn’t Run This Country — Femi Adesina
METRO19 hours ago
Wike Signs Executive Order Proscribing Pro-Biafra Group IPOB In Rivers
METRO15 hours ago
Nigeria Now Generates 13,000MW Of Power – Minister For Power
#ENDSARS15 hours ago
Family Members Of Lekki Victims Are Scared To Speak – Falana
CORRUPTION16 hours ago
“DCP Abba Kyari Extorted Over N41m From Me” — Businessman Petitions Judicial Panel
POLITICS15 hours ago
No Amount Of Attacks Can Deny Tinubu Right To Contest In 2023 – Junaid
METRO14 hours ago
Hon. Kalu Pledges Innovation, Knowledge-based Information Management In NASS
EDUCATION14 hours ago
Public And Private Schools Can Reopen Monday – Lagos Govt