A country where you will buy fuel one Naira in the morning, coming back in the evening to buy same product,you will hear that the product is now N500...
So bad.
It's high time the Government wake from their slumber and make this work again in Nigeria.
It's so pathetic that a country like Nigeria is still having this issues where fuel price is not regulated. The problem of this issues is the government, because this regulatory bodies do exist but they are not functional.
The real question is; why are these so called regulatory bodies not functional? The answer is quite simple there are corrupt individuals who are benefiting from fuel price fluctuations.
Oli theft and bunkery is also a prominent factor in the fluctuation of fuel price because some of these fuel stations patronize them rather than the Government and since the purchasing price is different from that of the Government, it also affects the selling price.