Fuel worth: Nigerians ought to pay far much less for petrol – Makinde questions pricing template

The Governor of Oyo State and presidential candidate of the APM, Seyi Makinde, has mentioned Nigerians ought to pay considerably much less for Premium Motor Spirit, PMS, popularly generally known as petrol.

He disclosed this in an interview with Arise Television on Friday.

According to him, there may be corruption within the nation’s gas pricing mechanism.

He known as for correct pricing of petroleum merchandise in Nigeria and urged the Federal Government and trade operators to reveal the pricing template.

DAILY POST experiences that petrol costs stood between N1,325 and N1,420 per litre in Abuja and its environs.

Gantry and depot costs stood between N1,215 and N1,280 per litre, amid a drop in crude oil costs to $96 and $88 per barrel for Brent and West Texas Intermediate, WTI, crude, respectively, on the time of reporting.