Federal Government don announce say Nigerians go begin buy petrol at lower prices for NNPC filling stations for di next 30 days.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclose dis one for press conference inside Abuja on Thursday.
Oyedele tok say, ‘Discount go dey on NNPC petrol for di next 30 days, with priority for public transporters.’
E also tok say Federal Government go get ‘negotiated landing cost wey dem go review monthly.’
According to di minister, government dey take more steps because measures wey dey already no fully solve di pressure on households and businesses after fuel and transportation costs go up.
Under di proposed price modulation mechanism, government dey negotiate N1,350-per-litre ceiling on di ex-gantry or landing cost of petrol, and dem go review am monthly.
Di proposed ceiling no mean say petrol go sell for N1,350 per litre for filling stations.
Instead, e dey meant to stop sharp movements for global crude prices or exchange rate from immediately turn to matching increases for petrol cost.
Oyedele tok say, ‘Pump prices no suppose follow every swing for global crude or exchange rate. Government dey negotiate ceiling of N1,350 a litre on ex gantry or landing cost of petrol to keep pump prices stable.’
