Based on figures from the NNPC website, accurate as of December 7, 2015, the subsidized price for petrol is N87, and the expected open market price (OMP), which is what we should be paying if there was no subsidy is N93.18, down from the November 26 OMP of N100.94. This is essentially a reflection of the fall of oil prices from from $42 per barrel to $38. Some prices of petrol across the country: Abuja- N87, Adamawa, Bauch, Benue, Kaduna, Kano, Katsina, Kogi, Niger, Ogun, Oyo – N120, Anambra, Delta, Edo, Enugu – N125, Abia, Imo – N130 and Rivers state – N135
How are Nigerians enjoying subsidy? Why is there a disparity in what government is paying and what Nigerians believe the government is paying for subsidy? According to Cheta Nwanze from SBM reports on the radio with us on Nigeria Info this morning. If Fuel subsidy is removed the cost of fuel will be about N160 per litre. Are Nigerians ready for this?
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