With the movement of the Federal Government to completely disregulate the downstream sector of the Nigerian Oil and gas industry in the coming months, stakeholders in the sector have asked Nigerians to prepare to pay N750 per litre at filling stations.
Reports from ThisDay News, stated this was the highpoint of stakeholders interventions during an online workshop with the theme “Deregulation of the Nigerian Downstream Sector: The Day After.”
In the course of the meeting stakeholders talked about the need for the government to handle the challenges facing the sector.
Okoronkwo sent a warning to Nigerians to be prepared to pay N750 per litre of petrol after the complete implementation of the subsidy removal. He however, stated that the projected pump price will drop to around N500 if the government talked to CBN to provide foreign exchange for marketers at the official rate.