By Kingston Magare
Nigerians have been warned not to expect any reprieve in the rising cost of petrol even as the Dangote Refinery will start delivering the product from September 15.
NNPCL chief corporate communications officer, Olufemi Soneye said Saturday that there is no guarantee prices will fall, and global market forces will be at play.
“The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces,” he said.
Meanwhile, Nigeria Labour congress spokesperson, Benson Upah said Nigerian had better be prepared for the worse because from indications the prices of petrol will continue to rise.
“Subsidy was never restored at any point in time as they claimed.
“So, what will inform moving the pump price of PMS from N650 to N1,500 or N2,000?
“I want to tell you something, what this signals is that Nigerians have not seen the end yet, we may end up paying nothing less than N5,000 per liter for fuel in this country. We hope not to get there but if we get there, the decision will be left to Nigerians.”
