Reps Push To Increase Fuel Price ; See The Proposed New Price

The price of petrol, which currently stands at N145 per litre, may increase from its current price to 150 per litre if the current National Roads Fund bill before the House of Representatives is passed into law.
The National Road Fund, when established, is to serve as a source of revenues from road user-related charges and other sources for financing to be managed and administered for routine and periodic maintenance works on Nigerian roads.
The additional N5 on petroleum price is part of recommendations of a technical committee set up by the House committee on works, chaired by Rep Toby Okechukwu.
The technical committee, which was given the task in November 2016, of drawing a report to be reviewed and considered by the House has recommended the fuel levy of N5 chargeable per litre of petroleum products.
According to Daily Trust report;
“Fuel levy of N5 chargeable per litre on any volume of petrol and diesel products imported into Nigeria and on locally refined petroleum products.”

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