President Bola Ahmed Tinubu has claimed Nigerians buy the cheapest fuel in West Africa.
Aguri Ngelale, the Special Adviser to the President, disclosed this on Tuesday.
The president noted that the fuel pump price will not be adjusted upward.
The presidency was reacting to claims making the rounds of an upward review of fuel pump prices following the increase in the landing cost of the commodity caused by the depreciation of the Naira against the Dollar.
Tinubu said Nigeria is the only country selling fuel below 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