N617 Per Litre of Petrol: Shehu Sani Reveals Why Fuel Price May Continue To Skyrocket
In a tweet on his official Twitter handle, Sani said only miracle could change the current reality.
Shehu Sani, a former lawmaker and chieftain of the Peoples Democratic Party has reacted to the increase in the Price of fuel from N539 to N617.
Recall that the price of Petroleum Motor Spirit, PMS, was on Tuesday adjusted from N539 to N617 per litre in the nation’s capital.
The National President of Independent Petroleum Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo confirmed the development to DAILY POST.
Reacting to the upward review, Sani, a former federal lawmaker, attributed the development to the value of Naira.
In a tweet on his official Twitter handle, Sani said only miracle could change the current reality.
He wrote, “Petroleum is imported with foreign currency. If the value of the foreign currency goes up, the price of petrol will go up,especially now with the removal of subsidy.
“This is the energy and economic reality we have to live with, until manna comes or miracle happens”.
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