Minister of Information and Culture, Lai Mohammed said that Nigeria’s fuel price is the cheapest in West Africa.
He said this during a press conference in Abuja.
According to him, in spite of the price hike of fuel to N162 per litre, the price of the commodity remains the cheapest in West Africa and one of the cheapest in the whole of Africa.
He was accompanied to the press briefing by the Minister of Power, Sale Mamman and the Minister of State for Petroleum Resources, Timipre Sylva.
According t0 Lai Mohammed, “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 Africa Sub-regions.
“Below is a comparative analysis of petrol prices in the sub-regions (Naira equivalent per litre):
- Nigeria: N162
- Ghana: N332
- Benin: N359
- Togo: N300
- Niger: N346
- Chad: N366
- Cameroun: N449
- Burkina Faso: N433
- Mali: N476
- Liberia: N257
- Sierra Leone: N281
- Guinea: N363
- Senegal: N549
The Minister added that “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.
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