BREAKING: New Era!Confusion as Document Reveals FG Inflates Petrol Price At Over N500 Per Litre After Subsidy…

BREAKING: New Era!Confusion as Document Reveals FG Inflates Petrol Price At Over N500 Per Litre After Subsidy Removal

There have been confusions over the new price of petrol after the newly inaugurated President Tinubu declare subsidy removal. Eagle’s Sight News has gathered.

THE downstream sector of Nigeria’s petroleum industry has been thrown into confusion as a document puts the retail price of petrol at over N500 per litre.

Also read:BREAKING: Queues Resurface As President Tinubu Announces Fuel Subsidy Removal

Vanguard  obtained a document which put petrol price in Abuja, Lagos and Kano at N537, N488 and N540 per litre respectively.

The Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Mr. Farouk Ahmed, whose agency regulates sector activities, did not respond when Vanguard called repeatedly for confirmation.

But an oil marketer, who pleaded anonymity, dismissed it as fake, adding: “How can any credible business base its pricing on an obviously fake random list circulating on social media?”