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Vice President Yemi Osinbajo on Monday assured Nigerians that the price of petrol, which was recently increased from N86.50 to N145 per litre, would soon be reduced, Premium Times reported.
He said that would allow the forces of demand and supply to force the current price of the product downward.
The Vice President, who apparently was referring to the hardship in the country caused by hyper-inflation and job losses, appealed to Nigerians to be patient with the Buhari administration as the “country is on the path to progress.”
According to Pulse, Osinbajo added that the government has put in place various palliative measures to cushion the effect of the fuel price hike.
Former minister of petroleum and energy, professor Tam David-West, has dismissed the government’s decision to increase the price of fuel as “nonsense”.
According to The Sun, David-West insisted that petrol could be sold at N40 per litre.
