talks, it’s Dangote who is talking. MRS has announced new prices. And, I am very sure that after the holiday, NNPC will react too. MRS has informed marketers of its new prices. The prices depend on your location. For Lagos, I think it’s around N905 per litre. Outside Lagos, like Ogun State, it’s around N911. The pump price in Lagos is N930,” Fashola explained.
He stressed that prices may hit N1,000 in the coming days, saying, however, that the naira deal could have been a game changer.
“N1,000/litre is expected, but we just have to be patriotic and sincere with one another. In this era of deregulation, the price will go up and down. It depends on what is happening in the international market and the exchange rate. Those two factors are key to determining the prices of petroleum products.
“However, the local arrangement between Dangote and the Federal Government, that is, the naira-for-crude deal, would have been a game changer. We all witnessed that. It was working well before the agreement was terminated. But I think they can still renew it. At least, that would help to stabilise the prices. It would also help the Nigerian citizens, at least,” he maintained,
On the call by depot owners that the Federal Government should stop the naira-for-crude agreement because of its ‘negative effects’ on the economy, the IPMAN leader stressed that DAPPMAN members were only trying to protect their territory.
