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| Fuel matters arising |
The chairman of the association in osun state, Adeleke Bada disclosed after the association’s annual general meeting held in Abeokuta.
Bada was reacting to the assurance given to Nigerians by former Minister of Petroleum Resources, Tam David West, that ,the President-elect will reduce the pump price.
According to him, such reversion is impossible and not realistic due to the situation in the industry. He explained that the federal government could however reduce it to N87 per litre, if they build refineries in some parts of the country. Bada said: “That is not possible, if you look at the nature of the market, that isn’t realistic. . The chairman of the association in the state, Adeleke Bada disclosed this after the association’s annual general meeting held in Abeokuta.
Bada was reacting to the assurance given to Nigerians by former Minister of Petroleum Resources, Tam David West that the President-elect will reduce the pump price to N40. According to him, such reversion is impossible and not realistic due to the situation in the industry. He explained that the federal government could however reduce it to N87 per litre, if they build refineries in some parts of the country.
Bada said:
“That is not possible, if you look at the nature of the market, that isn’t realistic. Do we have the refineries?The only reason that can be possible is when we have our own refineries and we do not export our crude oil for processing. If the processing is done in Nigeria, then it can be sold at the rate of N40 but not until all the refineries are fixed.”
This was said about 12 months ago, and while it is true or false, one might begin to wonder what to believe anymore?
How could he have known or where did he get this accurate information from?
