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Majority paying too much for petrol

19 January 2016, 19:08

Lagos – Most Nigerians are reportedly buying petrol at an inflated price of N116 per litre.

This is much higher than the official pump price of N86 per litre set by the Nigerian National Petroleum Corporation (NNPC).

According to a survey by NOIPolls, 77 percent of respondents across the country acknowledged they had paid here for the commodity.

The South East geo-political zone accounts for the highest average sale of N128 per litre.

Also read: Petrol price soars as scarcity persists across the country

Meanwhile, the poll also showed that only 68 percent Nigerians interviewed claimed to be aware of the reduction of petrol pump price from N87 to N86.

However, about 7 in 10 of this proportion positively affirmed the fairness of the new pump prices.

The Petroleum Pump Price Regulatory Agency (PPPRA) announced on December 30 that the new pump price for petrol.

The opinion poll was conducted in the week of January 11.

It involved telephone interviews of a random nationwide sample. 1 000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed.

“With a sample of this size, we can say with 95 percent confidence that the results obtained are statistically precise - within a range of plus or minus 3 percent,” NOIPolls stated.



- CAJ News


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