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Buhari: It makes no sense for oil to be cheaper in Nigeria than Saudi Arabia

President Muhammadu Buhari has stated that it does not make sense for oil to be cheaper in Nigeria than Saudi Arabia, and other oil-producing nations.

Buhari made this known during his Diamond Jubilee Presidential Broadcast to mark the nation’s 60th independence anniversary on Thursday.

He said, “We sell petrol at N161 per litre when same is sold at higher in Saudi Arabia, Egypt, Ghana, Chad, and Republic of Benin among others. It does not make sense for petrol to be cheaper in Nigeria than Saudi Arabia and other oil producing states.”

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