Why is the price of diesel in Nigeria much higher than that of other countries that even add tax to theirs ? – #TaiwoOyedele
A LinkedIn user has raised the question that has been a big topic of Nigerians. The fact that the high cost of diesel has become permanently topic that Nigerians are gradually moving on from, and the people responsible for it to get what they want.
According to LinkedIn user who asked the question, he made a post calling for action as a few individuals are living large at the expense to Nigerians, and just like insecurity, government has basically ignored every bad thing happening in the country, being that he is the petroleum minister who does nothing about anything.
He wrote : “Granted, there is global energy crisis but Nigeria seems to have a peculiar problem. Why is the price of diesel in Nigeria much higher than other countries that are also importing refined products and even adding tax? Are we paying for inefficiencies in the value chain and if so how much of the ballooning subsidy on petrol is funding inefficiency?”