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Authorities for Nigeria explain why petrol price dey continue to go up
From weekend, for inside Nigeria, di price of petrol don rise up to N1,040 for one litre for Lagos, and N1,080 for one litre for Abuja.
Authorities for Nigeria explain why petrol price dey continue to go up
Fuel price dey go up for Nigeria / Reuters
one day ago

Di Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) don talk say di changes for petrol price na because of wetin dey happen for market. Dis one na because Nigeria don remove control for di downstream petroleum sector.

George Ene-Ita, wey be di spokesman for di authority, talk dis matter for interview with NAN on Sunday. According to am, di wahala wey dey go on for Middle East don make world crude oil price to shift well well.

Last Friday, crude oil price jump go $91 per barrel as di war between United States (US), Israel, and Iran dey scatter di whole region.

Come Saturday, for inside Nigeria, di price of petrol don rise up to N1,040 for one litre for Lagos, and N1,080 for one litre for Abuja.

Wen dem ask am about dis new price, Ene-Ita talk say di change for pump price across di whole kontri no be becos di authority come carry regulation put, but na because of how supply and demand dey play out for di market.

E talk say: "Nigeria don dey run full deregulation for di downstream petroleum sector since dis current govt take over. So, di way pump price dey up and down na simply becos of wetin dey happen for di market."