According to our source, Petrol will retail at about N97 per litre if the subsidy is removed today. The report says the commodity currently has a landing price of between N77 – N79 per litre. In addition to transport to pump head, marketers and other margins account for about N18.
With that, queues from fuel stations nationwide are expected to disappear. Nigeria has been adversely affected by the issue of fuel scarcity in recent times with mixed reactions towards the removal of fuel subsidy due to its toll on the masses.
Source
BusinessDay
No comments