Fuel can sell for N605/litre, subsidy is ‘Accounting Magic’ — Olawepo-Hashim
Olawepo-Hashim made the assertion on Channels Television’s Politics Today, arguing that the cost of petrol in Nigeria has been inflated by the way the government prices crude oil supplied to the domestic market.
The Accord chieftain also disputed the description of the previous arrangement as a fuel subsidy, arguing that the issue was largely a consequence of the government’s accounting and domestic crude pricing system.
He said Nigerians had been made to believe that cheaper petrol was no longer possible, insisting that a review of the domestic crude pricing structure could significantly reduce the pump price.
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