Now that Oil is less than $50/barrel, FG should lower petroleum price

Since the beginning of this month, Oil (petroleum) price has been falling down from about 100 dollars to what is now less than 50 dollars per barrel. Despite this changes and the falling of the price by half its price, still the official price of Oil (petroleum) is 97 naira per barrel in Nigeria. This is unethical. Changes in petroleum price should always reflect in changes in the market price.

For a large Oil producer nation like Nigeria, now that the price has fallen significantly, Oil price should be made to about 50 to 60 naira per liter.