If yes, what should be the framework or basis for ending the petrol subsidy regime and allowing market forces to determine the price of petrol per litre? For me, there is a strong case for the eventual deregulation of petrol price and hence eliminating the subsidy in it. I found this strange that a local new refinery was being discouraged by numerous hurdles to crude oil access while the NNPC is exporting crude oil. Very importantly too, for one key consideration, the government should be wary of deregulating petrol price that is influenced by imported petrol prices before the Dangote refinery comes on stream. Overall, the quest by the government to do away with the current regime of petrol subsidy, though understandable, needs to be handled cautiously.

Source: Nigerian Tribune December 28, 2021 03:47 UTC