In News by Oluwaseun Samuel on the 08th, September, 2020

Petrol Worth In Nigeria One Of The Least expensive In Africa

Petrol Price In Nigeria One Of The Cheapest In Africa


Lai Mohammed

The Federal Authorities on Monday mentioned regardless of the latest improve within the value of Premium Motor Spirit to N162 per litre, the value of the commodity in Nigeria remained among the many most cost-effective in Africa.

The Minister of Data and Tradition, Lai Mohammed, mentioned this at a press convention in Abuja.

Mohammed was joined on the briefing by the Minister of Energy, Sale Mamman; and the Minister of State for Petroleum Assets, Timipre Sylva.

The minister mentioned, “Despite the latest improve within the value of gas to N162 per litre, petrol costs in Nigeria stay the bottom within the West/Central African sub-regions.

“Beneath is a comparative evaluation of petrol costs within the sub-regions (naira equal 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.

Exterior the sub-region, petrol sells for N211 per litre in Egypt and N168 per litre in Saudi Arabia.

“Now you can see that even with the removing of subsidy, gas value in Nigeria stays among the many most cost-effective in Africa.”

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