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Home Featured

Buhari Justifies Petrol Pump Price Hike, Says It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia

by ReportersAtLarge
October 1, 2020
in Featured, News
Reading Time: 1 min read
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Muhammadu President Buhari

Muhammadu President Buhari

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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.”

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Tags: BREAKINGBREAKING NEWSBuhariLatest Nigeria NewsMuhammadu BuhariNigeria at 60Nigeria Independence DayPetrol Pump Price In Nigeria
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Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

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