The Kunle Blog.

The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has said that even with the sudden hike in the pump price of petrol in Nigeria, the country still has the cheapest price of the product among other African countries. He stated this during a chat with ARISE TV concerning the recent hike in the price of Premium Motor Spirit, otherwise known as petrol. Suleiman also blamed the sudden hike in the pump price of petrol on the cost of dollars. He explained that petroleum products are imported to Nigeria using dollars, hence the increase. Fire destroys shops in Kano market Salihu Lukman: Replacing Adamu with Ganduje will be suicidal He said, "The rise in price was caused, as usual, by the market forces. Market now determines prices. And secondly because of the dollar. You know the higher the crude oil price, the product price locally will also be higher. So at the time the crude oil comes down, the product will al