Nigeria's 2016 Petrol Price Hike Was 'Fraudulent'
An ad hoc committee of the House of Representatives has found that a buffer built into the petrol price increase by certain agencies, was fraudulent and contributed to the loss of revenue to the country.
Prices of petrol and diesel have increased by Shs100.
InFocus
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Indications are that the labour movement may begin an indefinite strike against the petrol deregulation policy and the price increase. Read more »
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The government has announced the full deregulation of the downstream sector of the Nigerian petroleum industry, pushing the price of petrol to about N145 a litre. Read more »