President Muhammadu Buhari, in an Independence Day broadcast on Thursday, said it makes no sense for Nigeria to sell petroleum products at prices lower than what it is obtainable in neighbouring countries.
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.”
Copyright ©Anambra City News.
All rights reserved. This post: 'Nigeria @ 60: It makes no sense for oil to be cheaper in Nigeria than Saudi Arabia… Buhari ' and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Anambra City News.
Share your story with us:
Phone: 090 387 387 31
WhatsApp: 090 387 387 31
Contact us also for advertisementThanks for reading!