A sharp jump in the pump price of petrol may be inevitable this year if the rise in global oil price persists and the federal government considers the option to allow oil marketers import and sell fuel at their own price, our reporter writes.
Nigerians may soon be paying a little more to buy petrol should the surge in global crude oil prices continue coupled with a plan by the federal government to allow private oil marketers import and sell fuel at their own price.
The Nigerian National Petroleum Corporation (NNPC) recently said that the landing cost of petrol has risen to N171 per litre, higher than the official government approved pump price of N145 per litre. Read more
