Petrol Price In Nigeria, The CHEAPEST In Entire Africa -Lai Mohammed
The Minister of Information and Culture, Lai Mohammed, has on Monday said despite the recent increase in petrol price, the new Petrol price is still among the cheapest in the entire Africa.
The Minister, alongside the Minister of Power, Sale Mamman and Minister of State for Petrol Petroleum, Timipre Sylva disclosed this at a press conference in Abuja.
Recall that over the past week, the Federal Government increased the price of the petrol from NGN145 to NGN162.
According to the Lai Mohammed, the increase in the price of the commodity was due to the removal of subsidy, which is a way of controlling the nation’s spendings.
In his words:
“In spite of the recent increase in the price of fuel to N162 per litre, petrol prices in Nigeria remain the lowest in the West/Central African sub-regions.
“Below is a comparative analysis of petrol prices in the sub-regions (naira equivalent per litre): Nigeria -N162 per litre; Ghana -N332 per litre; Benin -N359 per litre; Togo – N300 per litre; Niger – N346 per litre; Chad -N366 per litre; Cameroon -N449 per litre; Burkina Faso -N433 per litre; Mali -N476 per litre; Liberia – N257 per litre; Sierra Leone -N281 per litre; Guinea -N363 per litre; and Senegal – N549 per litre.
“Outside the sub-region, petrol sells for N211 per litre in Egypt and N168 per litre in Saudi Arabia.
“You can now see that even with the removal of subsidy, fuel price in Nigeria remains among the cheapest in Africa.”