on many factors or variables, including the cost of raw materials. Nevertheless, it is not always the case in Nigeria. Once prices of goods and services hit the roofs, many manufacturers and service providers find it difficult to embrace lower prices, even though it becomes obvious that their costs of production have dropped.

Take the current fuel price in the country as an example. It is an indisputable fact that at the era of $60 per barrel and above, refiners incurred relatively high cost of operations in the process of refining, logistics and other activities. 

Read more: https://www.thedaily-ng.com/high-fuel-price-where-is-nnpc-pppra-dpr-as-oil-marketers-extort-nigerians/