Monday 27 April 2015

How fuel can go for N40 per litre - Petrol marketers

Going with the suggestions of former Minister of Petroleum, Prof. Tam David-West, The Chairman, Independent Petroleum Marketers Association of Nigeria, Mosimi, Ogun State, Mr. Adeleke Bada, has agreed that petroleum pump price can be N40 per litre, but only if the country refined all crude oil in the nation’s refineries.
Bada noted this in an interview with journalists shortly after the association’s Annual General Meeting in Abeokuta, the state capital.
Bada who was reacting to the to the advice given by former Minister of Petroleum Resources, David-West, to the President-elect to reduce the pump price to N40 said “Reducing the pump price of a litre of fuel to N40 is possible only if the refineries are working. If you look at the nature of the market presently, that isn’t realistic. Do we have the refineries? READ MORE: thescoopng.com

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