According to President Bola Ahmed Tinubu, Nigerians purchase fuel at the lowest price in West Africa.
On Tuesday, the Special Adviser to the President, Aguri Ngelale, made this information public.
The president stated that there would be no price increases at the gas pump.
The presidency reacted to rumors that fuel prices would be reviewed increased in light of the rise in the commodity’s landing cost brought on by the depreciation of the Naira versus the Dollar.
According to Tinubu, Nigeria is the only nation selling fuel for less than N700 per litre.
“Senegal at pump price today of N1,273 equivalent per litre, Guinea at N1,075 per litre, Côte d’ Ivore at N1,048 per litre equivalent in their currency, Mali N1,113 per litre, Central African Republic N1,414 per litre, Nigeria is presently averaging between N568 and N630 per litre.
“We are presently the cheapest, most affordable purchasing state in the West African sub-region by some distance. No country is below N700 per litre”, he said.
DAILY POST recalls that Nigerian National Petroleum Corporation Limited said there is no plan to increase fuel pump prices upward.
The Nigeria Labour Congress threatened to strike without notice if fuel pump prices were reviewed upward.
In two months, fuel pump prices were reviewed twice, now at N617 per litre after subsidy removal.