FG, lists prices of fuel in Africa, says Nigeria has the cheapest.

 

The government in it's defence against the the recent increment in the price of fuel to 161, has said that government can no longer afford it's subsidy. Through the minister of Information, Lai Mohammed, he disclosed that fuel price in Nigeria is one of the cheapest in Africa. 

According to the minister, the government is providing cheaper and more efficient fuel in form of autogas. Also, Government, through the PPPRA, will ensure that marketers do not exploit citizens through arbitrarily hiking in pump prices,” he said.

Mohammed also noted that 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.

In a comparative analysis, the minister said a litre of petrol is N332 in Ghana, N359 in the Benin Republic, N300 in Togo, N346 in the Niger Republic,  N366 in Chad. N449 in Cameroon.

He added that the price of petrol per litre is N433 in Burkina Faso, N476 in Mali, N257 in Liberia, N281 in Sierra Leone, N363 in Guinea, and N549 in Senegal.

Outside the sub-region, the minister said petrol sells for  N211 per litre in Egypt and N168 per litre in Saudi,  stressing that with the removal of subsidy, fuel price in Nigeria remains among the cheapest in Africa.

On the service-based electricity tariff adjustment by the Distribution Companies (DISCOS), Mohammed said the government has been supporting the largely-privatized electricity industry.