How can the price of petrol reduce in Nigeria?

[Axcel777]

The price of petrol can reduce in Nigeria, if only government can give steady power supply to the country, so that citizens will no longer depend majorly on petrol for power supply. In that way the need for petrol will be limited, because it is only the rich and business people that have cars. Nigeria refineries should also be repaired so that there will be no need to import crude oil for refining, and bringing back into the country.

Your submission is on track, but I have realized that the government benefits from the increase in petrol prices, so they will make no effort to reduce them. I recently came across a video that claimed there is no such thing as a subsidy in Nigeria. That it is an organized crime that allows the ruling class to continue milking the country. So, unless we have leaders (rather than rulers, as is the case now), petrol prices will continue to rise.

It looks like the recent hike in prices of gasoline cannot be fixed soon because there are many players with vested interest in it especially if the government can be part of it. The question of subsidies which are frequently described as instrument that enable the manipulation of state resources have really contributed to the growth of skepticism. Hence, only when we see leaders who genuinely want to bring change to the country and never settle because the power status quo remains the same. Instead, what will probably remain our fate is to watch as gasoline prices and thus the prices of all related products continue to increase; something that will be a thorn in the flesh for a lot of people.

The latest hike in the prices of gasoline has therefore pointed to the fact that Nigeria now required more structural adjustment in the management of its resources to embrace more of transparency more so accountability. All of this means that we must support true advocates for reform and resist rewarding the mere perpetuation of the current system. If the public is fully behind it it is possible to develop some pressure for policy changes which would be mutually beneficial for all and would decrease the felt load for many. He says that only when people come together to build it there is hope for a positive change in the future.