The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at – Tunde Ednut

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The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices lower than those sold in neighbouring countries.
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He made this known on Thursday morning while delivering a speech on the occasion of Nigeria’s 60th Independence Anniversary at Aso Villa, Abuja.
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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.
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“Chad which is an oil-producing country charges N362 per litre. Niger also an oil-producing country sells oil at N342 per litre. Ghana, an oil-producing country, petroleum pump price is N326 per litre. Egypt charges N211 per litre. Saudi Arabia charges N168 per litre.
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“It makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia.”
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The President, Major General Muhammadu Buhari (retd.), 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 N342 per litre. Ghana, an oil-producing country, petroleum pump price is N326 per litre. 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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