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Buhari Justifies Increase In Fuel Price, Says Petrol Can’t Be Cheaper In Nigeria Than Saudi Arabia

President Muhammadu Buhari has justified the increased in petrol pump price in the country to N161 per litre.

The president stated this while giving his independence day speech added that no government in the past has done what his administration is doing with such scarce resources. “We have managed to keep things going in spite of the disproportionate spending on security,” he noted.

Defending the increase in petrol pump price, Mr Buhari said a responsible government must face realities and take tough decisions.

“Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre. A comparison with our neighbours will illustrate the point; Chad which is an oil-producing country charges N362 per litre; Niger, also an oil-producing country sells 1 litre at N346.

“In Ghana, another oil producing country, petroleum pump price is N326 per litre. Further afield, Egypt charges N211 per litre.

“Saudi Arabia charges N168 per litre. It makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia,” He said.

The President also listed Tradermoni, Farmermoni, School Feeding Programme, Job creation efforts and Agricultural intervention programmes as interventions his government in the last 3 years has introduced in support of the economy and to the weakest members of the society.

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2 Comments

  1. PMB needs to compare the minimum wages im these countries before justifying the increase im pump price of petrol and not in isolation. Otherwise, the comparison is lopsided. Il

  2. It a shame that the country that God had bless himself with natural resources enslaving ourselves comparing her self with other country which are far better than us in every thing it sadens saying Nigeria is celebrating her 60th birth day but the question I always ask is this what freedom is all about,there should nt be anything call celebration bt let bow our head in shame an cry for God intervention cause the people of this country are in sevar pain instead of running we are crawling God help us an raise a leader that have the mind to serve an not to enrich there purse alone arise oh Nigeria from your slumbering state

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