Forums Forums Business Law Increase in the pump price of petrol

  • Increase in the pump price of petrol

     Sunday updated 1 year, 8 months ago 3 Members · 3 Posts
  • Donald

    March 22, 2021 at 10:02 am

    On the 11th of March 2021, the Petroleum Products Pricing Regulatory Agency (PPPRA)
    announced that the Nigerian Government has increased the pump price of petrol
    to N212.61. The increase in fuel price has created a spike in the cost of
    transportation, goods and services among other things, which in turn has
    sparked outrage from Nigerians. What do you think is the way out of this
    conundrum, Nigeria is currently facing?

    • This discussion was modified 1 year, 8 months ago by  Donald.
  • Abiola

    March 22, 2021 at 2:05 pm

    While this may be the case perhaps given the poverty level of most Nigerians, I will suggest that the Nigerian Government should provide fuel subsidy to its people which can be means tested.

  • Sunday

    March 22, 2021 at 6:49 pm

    I believe one of the ways to bring stability is via a deregulation of the downstream sector of the petroleum industry. This is what operates in most developed nations though one can argue that as a nation, Nigeria may not be there yet. However, with all local ideas having failed us thus far, it might be worth looking into deregulation as the way forward.

Viewing 1 - 3 of 3 replies

Log in to reply.

Original Post
0 of 0 posts June 2018

Newsletter Subscription

Lagos Office

© 2022 Legal Nuggets Limited - All Rights Reserved