Petrol Marketers Predict Fuel Prices Could Drop to N200 per Litre

Petrol Marketers Predict Fuel Prices Could Drop to N200 per Litre

Petrol Marketers Predict Fuel Prices Could Drop to N200 per Litre

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According to Joseph Obele, the Chairman of the Independent Petroleum Marketers Association of Nigeria, the revitalization of Nigeria’s refineries could lead to a significant drop in fuel prices.

Obele suggests that if the refineries are operational, the price of petrol could potentially decrease to as low as N200 per litre.

This comes in response to the recent removal of subsidies, which caused a significant increase in fuel prices