The Governor of Oyo State and presidential candidate of the APM, Seyi Makinde, has said Nigerians should pay significantly less for Premium Motor Spirit, PMS, popularly known as petrol.
He disclosed this in an interview with Arise Television on Friday.
According to him, there is corruption in the country’s fuel pricing mechanism.
He called for proper pricing of petroleum products in Nigeria and urged the Federal Government and industry operators to disclose the pricing template.
Makinde believes that Nigeria’s former fuel subsidy regime was riddled with corruption.
He said:
“What I can say is that the price of petroleum products should be lower than it is today.”
NEWSUNPLUG reports that petrol prices stood between N1,325 and N1,420 per litre in Abuja and its environs.
Gantry and depot prices stood between N1,215 and N1,280 per litre, amid a drop in crude oil prices to $96 and $88 per barrel for Brent and West Texas Intermediate, WTI, crude, respectively, at the time of reporting.