Governor Makinde Questions Fuel Pricing Mechanism, Suggests Lower Petrol Prices

In an interview with Arise Television on Friday, Governor Seyi Makinde of Oyo State and the presidential candidate of the APM questioned the current fuel pricing mechanism in Nigeria, suggesting that Nigerians are paying too much for petrol. According to Governor Makinde, there is corruption in the system that inflates the price of petrol beyond what it should be. He called for a review of the pricing mechanism to ensure that Nigerians pay a fair price for fuel. This statement comes amidst increasing concerns about the high cost of fuel in Nigeria, which has been a source of frustration for many Nigerians. The National Bureau of Statistics recently reported that the average price of petrol in Nigeria is N171 per litre, a significant increase from the N162 per litre recorded in October. This latest statement by Governor Makinde is likely to further fuel the ongoing debate about fuel prices in Nigeria. It remains to be seen whether the federal government will take any action in response to his call for a review of the fuel pricing mechanism.