President Muhammadu Buhari has announced a new pump price of petrol in the country during his independence address.
He said fuel would now be sold at N161 per liter in Nigeria, as other nations such as Ghana, Niger, Chad, Saudi Arabia and other oil-producing countries sell petrol on higher prices than Nigeria.
He blasted the governments from 1999 to 2015 for criticizing his regime when they allegedly presided over the near-destruction of the country.
“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.
“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 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.
According to Buhari, 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.
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