Petrol Sold Illegally Above N145 In Half of Nigerian States Despite New Government’s Promise

By Ediri Ejoh & Genevieve Aningo

Amidst controversies over appropriate pump price for petrol, reports of the National Bureau of Statistics, NBS, has indicated that petrol marketers in16 states of the country are selling the product significantly higher than the N145 maximum price stipulated by the federal government.

While the marketers have subtly canvassed for upward review of the ceiling on the bases of upwards movement in exchange rate, the key factor in the petrol pricing template, many stakeholders have argued that the marketers were being selfish in pressuring the government for their financial gains at the expense of the economy and the citizens.

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