• Latest
  • Trending
Petrol is N52/litre in Libya – Reports

Petrol is N52/litre in Libya – Reports

Hundreds Walk Out on Netanyahu’s UN Speech

Hundreds Walk Out on Netanyahu’s UN Speech

Why NNPC Refineries May Never Work Again – Dangote

Dangote Refinery Gives Reason for Sacking Staff

Ex-Oyo Governor Ladoja Crowned 44th Olubadan

Ex-Oyo Governor Ladoja Crowned 44th Olubadan

Sultan, Amosun, Others Storm Ibadan for 44th Olubadan Coronation

Sultan, Amosun, Others Storm Ibadan for 44th Olubadan Coronation

Refineries: How Dangote Group was chased away from Rivers State

Dangote Refinery Sacks All Nigerian Staff After ‘Union Move’

Nigeria Police celebrate 30 officers Called to Bar

Nigeria Police celebrate 30 officers Called to Bar

Netanyahu Blasts West Over Palestine Recognition

Netanyahu Dodges Europe, reroutes flight to UN over ICC fears

Friday, September 26, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Business News
Petrol is N52/litre in Libya – Reports

Petrol is N52/litre in Libya – Reports

by iDeemlawful
September 25, 2024
in Business News
A A
0

Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 25, 2024

This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across various countries.

In comparison, petrol prices in Egypt, Algeria, and Angola are sold at $0.279, $0.342, and $0.351 per litre, respectively.

SeeThese

TUC Threatens Nationwide Strike: Gives FG Ultimatum to Withraw 5% Fuel Tax

Presidency Clears Air on Viral ‘5% Fuel Tax’ Report

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

These are the only four countries in Africa that sell fuel at cheaper rates than Nigeria.

ADVERTISEMENT

Meanwhile, the Central African Republic has the highest petrol price on the continent, at $1.83 per litre.

Senegal ($1.646), Seychelles ($1.595), Zimbabwe ($1.590), Morocco ($1.527), and Uganda ($1.475) are other countries with costlier fuel price per litre, while Malawi ($1.458), Côte d’Ivoire ($1.455), Kenya ($1.453), and Sierra Leone ($1.448) round up the list.

Despite being one of Africa’s largest oil producers, Nigeria faces criticism for its high petrol prices.

This has led to calls for government intervention in the oil sector, with many arguing that the removal of fuel subsidies has negatively impacted citizens.

Abdullahi Aliyu, a resident of Abuja, emphasised that if petrol were priced between N150 and N200, it would significantly lower costs across various sectors, including transportation and food.

He urged Nigerian leaders to learn from Libya’s pricing strategy.

“All over the world, there are various types of subsidies, but I think in Nigeria, the one that plays a vital role in the life of the citizens is petrol subsidy.

“Just imagine that it is being sold at between N150 and N200! Everything will be cheap, including transportation, food and electricity. Our leaders should please learn from Libya,” he said.

Adenike Andrew, an economics graduate turned restaurateur, criticised the rationale behind subsidy removal, arguing that the Nigerian populace cannot bear fuel prices comparable to those in wealthier countries, especially given their lower income levels.

She also called for Nigeria to explore legal avenues for supplying petrol to neighbouring countries to boost foreign currency earnings.

“If they say they removed it (subsidy) because our neighbouring countries are also benefiting from it, it is self-indictment. Our security agencies should do their work. And most importantly, Nigeria should tap the enormous market in Africa to earn foreign currency by supplying petrol to them using legal means.

“It is wrong to say that Nigerians must pay for petrol in the same manner as non-oil, but rich countries are selling it to their citizens. People there have higher incomes. Our people here have been pauperised in facets,” she said.

Tags: NNPCPetrol
Previous Post

What FG Should do to Crash Petrol Price below N600 per liter – Refiners

Next Post

‘No more stopping to check papers’, Nigeria Police reveal NPF E-CMR benefits

Next Read

Why NNPC Refineries May Never Work Again – Dangote
Business News

Dangote Refinery Gives Reason for Sacking Staff

...

Read moreDetails
Refineries: How Dangote Group was chased away from Rivers State
Business News

Dangote Refinery Sacks All Nigerian Staff After ‘Union Move’

...

Read moreDetails
NUPENG warns Nigerians over Dangote Refinery Free Fuel Plan, says ‘It’s Greek Gift’
Business News

NUPENG warns Nigerians over Dangote Refinery Free Fuel Plan, says ‘It’s Greek Gift’

...

Read moreDetails
Tinubu Govt Promises 24/7 Electricity Soon
Business News

Tinubu Govt Promises 24/7 Electricity Soon

...

Read moreDetails
Oracle’s Ellison Dethrones Elon Musk, Rakes In $101bn Overnight
Business News

Oracle’s Ellison Dethrones Elon Musk, Rakes In $101bn Overnight

...

Read moreDetails
TUC Threatens Nationwide Strike: Gives FG Ultimatum to Withraw 5% Fuel Tax
Business News

TUC Threatens Nationwide Strike: Gives FG Ultimatum to Withraw 5% Fuel Tax

...

Read moreDetails
NNPCL increases Petrol Price
Business News

Presidency Clears Air on Viral ‘5% Fuel Tax’ Report

...

Read moreDetails
Ebonyi Bans House and Land Agency
Business News

Ebonyi Bans House and Land Agency

...

Read moreDetails
Next Post
‘No more stopping to check papers’, Nigeria Police reveal NPF E-CMR benefits

‘No more stopping to check papers’, Nigeria Police reveal NPF E-CMR benefits

ASUU Threatens Fresh Strike Action

ASUU issues Ultimatum to Embark on Fresh Nationwide Strike, List Six Demands

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About
  • Advertise
  • Editorial
  • Support

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Copyright © 2019 iDeemlawful.