Average fuel price across the country has remained significantly higher than official pump price despite efforts by the Nigerian National Petroleum Corporation, NNPC, and the Ministry of Petroleum Resources to beef up supplies and enforce compliance to price regime.
According to the monthly research report of the National Bureau of Statistics, NBS, entitled ‘Premium Motor Spirit (Petrol) Price Watch’, fuel prices averaged N107.4 per litre in July 2015 as against the stipulated pump price of N87.
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