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Deregulation: Nigerians overpaying for petrol Expert
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By Omeiza Ajayi – Abuja
At a pump price of ₦167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu Bello has revealed.
Bello, a former Chief Operating Officer/Group Executive Director, Upstream Business Unit at the Nigeria National Petroleum Corporation NNPC disclosed this at the weekend during a roundtable on ‘Deregulation of Nigeria’s Downstream Oil Sector’ in Abuja.
At the event which had other industry experts like Dr Adeoye Adefulu, Henry Adigun, and others, Bello pegged the exact pump price of fuel at N146.75, saying for the month of November alone, Nigerians subsidised the NNPC to the tune of about ₦700 million daily.
NigeriaAbujaAbuja-federal-capital-territoryNigeriansOmeiza-ajayiAlhaji-rabiu-belloHenry-adigunAdeoye-adefuluDeregulation-of-nigeria-downstream-oil-sectorPetroleum-products-price-regulatory-agencyNigeria-national-petroleum-corporationOil-marketing-companies TODAY
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At a pump price of ₦167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu Bello, has revealed.
Bello, a former Chief Operating Officer/Group Executive Director, Upstream Business Unit at the Nigeria National Petroleum Corporation (NNPC) disclosed this at the weekend during a roundtable on ‘Deregulation of Nigeria’s Downstream Oil Sector’ in Abuja.
At the event which had other industry experts like Dr Adeoye Adefulu, Henry Adigun, and others, Bello pegged the exact pump price of fuel at N146.75, saying for the month of November alone, Nigerians subsidised the NNPC to the tune of about ₦700 million daily.
NigeriaAbujaAbuja-federal-capital-territoryNigeriansAlhaji-rabiu-belloHenry-adigunAdeoye-adefuluDeregulation-of-nigeria-downstream-oil-sectorPetroleum-products-price-regulatory-agencyNigeria-national-petroleum-corporationOil-marketing-companiesUs-exchange-rate