With the PPRA (petroleum pricing regulatory agency) releasing a price projection of N212.11k for a liter of petrol in Nigeria last Friday, many petrol stations were shut in cities across Nigeria, with others adjusting their sale to the projected price.
As only the NNPC (Nigerian national petroleum corporation) has the authority to set the price of petroleum in Nigeria, we are joined by oil and gas journalist Adeola Yusuf, to try and explain the reasoning behind this price projection.
