22 Dec 2015

Pump Price Of Petrol Remains N87—President Buhari Insists

President Muhammadu Buhari has assured Nigerians that the pump price for Petrol in Nigeria remains N87 per litre and that is not about to change anytime soon.

The President made this known while presenting the 2016 Budget to the National Assembly on Tuesday. This is coming on the heels of hues and cries and various rumours making the rounds that the government was thinking of jacking up the price of the product.

In the last two months, Nigerians have been struggling to find the product to buy due to failure of petroleum marketers to make the product available for purchase at filling stations. This prompted a lot of Nigerians to start speculating that the government was responsible for creating artificial scarcity in order to jack up the price of the product.


However, the President’s statement may have put all that to rest if his body language was anything to go by. Nigerians would be forgiven if they choose not to believe the President considering how they have been misled and lied to in the past; but it does seem that we have a President who is prepared to keep his word this time around.  

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