President Muhammadu Buhari has announced a new price for the
pump price of petrol in the country.
Buhari said fuel will now be sold at N161 per liter in
Nigeria, noting that other nations such as Ghana, Niger, Chad Saudi Arabia and
other oil-producing countries sell petrol on a higher prices than Nigeria.
He lambasted the previuos governments from 1999 to 2015 for
criticising his administration when they allegedly presided over the
near-destruction of the country.
Buhari, in his nationwide broadcast to mark the Independence
Day celebration, said no government in the past did what his administration is
doing with such scarce resources.
Buhari said his government has managed to keep things going
in spite of the disproportionate spending on security.
He said that the past administrations lack the effrontry to
criticise the current administration because they had the opportunity to
develop and take the country to a greater height.
“Those in the previous Governments from 1999 – 2015 who
presided over the near destruction of the country have now the impudence to
attempt to criticize our efforts,” he said.
Buhari said that in the circumstances, a responsible
government must face realities and take tough decisions.
“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 1 litre at N346.
“In 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,” he said.
Buhari noted that for the country to grow and achieve great
things Nigerians need to solidify their strength, increase their commitment and
encourage themselves to do that which is right.
Recall that the Nigerian government through the Petroleum
Products Marketing Company (PPMC) had announced a new ex-depot price of N151.56
for petrol.
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