₦145 per litre & Nigerian still having the cheapest fuel price in Africa

07/13/2019

Posted by: Oluwaseun Solomon

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NNPC is said to have recently claimed that ₦145 per litre fuel price is the cheapest in Africa and might increase it soon. Read the full update here!

NNPC is at it again!

Recent updates reaching us here at Naijauto about NNPC’s latest speculations on fuel price in Nigeria is not pleasant at all.

Gone were the days when Nigerians would buy PMS at ₦65 per litre. When it became ₦85 per litre, people were still lamenting, not to now talk of the current ₦145 per litre price. But, NNPC (National Petroleum Corporation) seems to be completely unaware of the “people’s cry” as they recently hint the public of a possible push up of this current price because they think it’s the cheapest in Africa for now.

Nigerians-in-long-queue-at-NNPC-petrol-station

Hinting people of possible fuel pump price increase like this usually leads to fuel “hoarding”

>>> Vandals & petrol thieves will become rampant when the fuel price goes higher: Vandals ignited fire, causing 2 dead & 30 cars burnt in Lagos pipeline explosion

On Wednesday 10th July 2019, Mele Hyari, the new GMD (Group Managing Director) of NNPC stated this during his Abuja visit to the National Assembly complex when speaking with the Senate President – Ahmed Lawan.

Kyari was quoted saying;

“The N145 per litre fuel price regime in Nigeria runs against the N350 per litre most of the other West African countries operate, encouraging smuggling.

“It is even very difficult for us to make the product available at N145,”

Reports also have it that NNPC has recently been lobbying and pushing that the National Assembly should speedily pass of its new laws that relate to the Nigeria oil & gas industry under claims that it would enhance performance.

Should Nigerians start preparing for possible PMS pump price increase above the current ₦145 per litre? No one knows yet!

>>> To see more updates like this navigate here -> automotive industry updates

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Oluwaseun Solomon

Oluwaseun Solomon

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Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

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