He added,“I can assure you that fuel will be sold at about ₦900.00 and below ₦1000.00 (per litre). “Once PMS (fuel) is supplied to us directly from NNPC, I can assure you the product will be sold at a reasonable price with a reasonable margin. “Again, we are also appealing...
President Muhammadu Buhari has again, come under public backlash following his Independence speech where he compared Nigeria’s fuel price to that of Saudi Arabia. While noting that Saudi Arabia charges N168 per litre, Buhari said “it makes no sense for oil to be cheaper in Nigeria than in ...
In others word, the consumers only paid for 21 per cent of the actual price per litre. This is evidence that fuel is highly subsidised in Nigeria. The study recommends gradual removal of subsidy, and using the money realised from it for cushioning the effects on the poor.doi:10.1111/opec....
Our party challenges the APC and the Buhari administration to publish the parameters with which it arrived at the increase of fuel price to N151 per liter given that with the prevailing values in the international market, the appropriate price template for domestic pump price in N...
Lowest price €1.46 per litre 04-05-2020 Netherlands Current and Average €1.93 Current €1.97 Average per litre *Average Fuel Price based on the previous 12 months data Highest price €2.33 per litre 04-04-2022 Data Collected 05-11-2024...
Nigeria said in March that it had ended costly fuel subsidies, and announced in September it was no longer fixing pump prices. Since then, Lagos prices have risen to just over 160 naira per litre ($0.42/liter) from 145 ($0.38/liter). ...
Kyari said the pump price of petrol would be N300, if the government were to remove subsidy today, stating that the NNPC pays about N170 per litre on the fuel consumed by Nigerians. Ironically, THISDAY recalls that in the last few weeks many Nigerians have bought the product fo...
Africa’s second biggest crude oil producer earlier this month joined its larger continental rival Nigeria in reducing gasoline subsidies, almost doubling pump prizes and triggering protests. The subsidy cut nearly doubled the gasoline price to almost 300 kwanzas ($0.4781) per litre, although that ...
In Germany, the Market Transparency Unit (MTU) has a price-reducing effect of two to three cents per litre, especially in the long term. 展开 关键词: Fuel prices Regulation Market transparency Synthetic difference-in-differences Oligopoly Competition ...
Due to the increase in the cost of aviation fuel, Airline operators are set to shut down operations from Monday, May 9, 2022. From January to May, aviation fuel price has increased from N190 per litre to N700 per litre.pic.twitter.com/iAO6F1bsGf— Pulse Nigeria (@PulseNigeria247)May 6...