N70. 04 proposed
The House of Representatives yesterday urged the Ministry of Petroleum Resources and the Petroleum Products Price Regulatory Agency ( PPPRA) to review the current price template for petrol with a view to bringing it down.
The Green Chamber was of the opinion that Nigerians are being made to pay for unnecessary costs attached to petrol , saying that the price ought to be N70.04 per litre.
The House also resolved to set up an ad hoc committee to interface with the Ministry of Petroleum Resources on the review of petrol price and such related matters and to report back to the House within eight weeks for further legislative action.
The resolution of the House was sequel to the adoption of a motion brought before members by Hon. Abubakar Hassan Fulata (APC Jigawa) with“ Urgent Need to Review the Petroleum Price Template” as its title