Nigeria @ 60: Petrol Price In Nigeria, Cheaper Than Saudi Arabia -Buhari
Following the clamour for a reduction in the petrol pump price, the Nigerian President, Muhammadu Buhari has said that the current petrol price is the cheapest among other Oil producing countries.
The president who made this disclosure in the Independence Day broadcast on Thursday while commemorating Nigeria at 60, said it make no sense that petrol price is cheaper in Nigeria than other oil producing countries.
According to his, the current petrol price which is sold at N161 per liter is temporal adding that his administration is doing its best to curtail the Nations dilapidating economy.
In His words:
“Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre.”
“A comparison with our neighbours will illustrate the point;
A. Chad which is an oil producing country charges N362 per litre
B. Niger, also an oil producing country sells 1 litre at N346.
C. 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.”
Also recall that the the Minister of Information, Culture and Tourism, Lai Mohammed has last month made a similar statement, noting that Nigeria has the cheapest petrol price in the entire Africa.