The price of petrol, which currently stands at N145 per litre, may increase from its current price to 150 per litre if the current National Roads Fund bill before the House of Representatives is passed into law.
The National Road Fund, when established, is to serve as a source of revenues from road user-related charges and other sources for financing to be managed and administered for routine and periodic maintenance works on Nigerian roads.
The additional N5 on petroleum price is part of recommendations of a technical committee set up by the House committee on works, chaired by Rep Toby Okechukwu.
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