Nigeria has been accused of charging the highest price for a litre of Premium Motor Spirit (PMS), also known as petrol, among member-countries of the Organisation of Petroleum Exporting Countries (OPEC). Chairman of a pro-democracy group, the Movement for Nigeria’s Total Transformation (MNTT), Chief Areoye Oyebola, in a statement issued yesterday, described the situation as oppressive, callous and insensitive by the Federal Government. He lamented that Nigeria also stands as the only country that pays the least minimum wage among the OPEC member-countries. According to him, while Nigeria charges two to 10 times higher price than other OPEC member-countries for a litre of PMS, other countries also pay minimum wages that are four to12 times higher than the N18,000 minimum wage being paid by Nigeria. The renowned author and publisher also gave details of price of PMS per litre in OPEC member-countries as at March 2014. The prices in their naira equivalent are as follow: Venezuela – N8.21k, Libya – N24.62k, Saudi Arabia – N31.8k, Kuwait – N34.54k, Qatar – N34.54k, United Arab Emirate – N54.40k, Iran – N57.44k and Nigeria – N97.00k.
Posted on: Fri, 28 Mar 2014 08:46:08 +0000
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