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.
The government has pledged to restart production at the Port Harcourt refinery by December 2023, and Obele urges them to follow through on their promises.
The revival of the refineries could provide relief to the Nigerian populace by offering more affordable fuel prices.
Article updated 5 months ago. Content is written and modified by multiple authors.
