LAGOS, Sept 2 (Reuters) - Nigeria's gasoline price will hit
its highest ever in naira terms this month, according to a
notice from a state oil subsidiary seen by Reuters.
The Pipelines and Product Marketing Company set the ex-depot
gasoline price at 151.56 naira a litre, above the previous pump
record of 145 naira a litre.
The new pump price will be even higher to incorporate
transportation and logistics costs.
Cheap fuel prices are seen by many in Africa's largest oil
exporter as a birthright, and the government has always capped
and subsidized fuel prices at enormous expense.