President Bola Ahmed Tinubu said that Nigeria is the only West African Country that pay the least for fuel.
This was revealed on Tuesday by the Special Adviser to the President, Aguri Ngelale.
The president said that there would be no increase in the price of fuel.
The presidency was responding to rumors that fuel prices would be reviewed upward as a result of higher landing costs for the commodity brought on by the Naira’s slide versus the US dollar.
According to Tinubu, only Nigeria sells fuel for less than N700 per litre.
“Senegal at pump price today of N1,273 equivalent per litre, Guinea at N1,075 per litre, Côte d’ Ivore at N1,048 per litre equivalent in their currency, Mali N1,113 per litre, Central African Republic N1,414 per litre, Nigeria is presently averaging between N568 and N630 per litre.
“We are presently the cheapest, most affordable purchasing state in the West African sub-region by some distance. No country is below N700 per litre”, he said.
The Nigerian National Petroleum Corporation Limited had said there is no plan to increase fuel pump prices upward.