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

Petrol is N52/litre in Libya – Reports

Ibas faults NBA for moving Conference from Rivers to Enugu, demands Refund of N300m Hosting Rights

Rivers LG Administrator Resigns

2027: Atiku, Amaechi, El-rufai form New Political Party, writes INEC

2027: Atiku, Amaechi, El-rufai form New Political Party, writes INEC

Court remands TikToker For Bathing On Street

Court remands TikToker For Bathing On Street

JUST IN: Presidency warns Nigerians, Leaders over Opposition to Tinubu’s Tax Reform Bills

Tinubu lands in Benue amidst Aftermath of Yelewata attack

CAC Increases Service Fees from  August 1

CAC Increases Service Fees from August 1

Benue: Military deploys Air Surveillance after Terror Invasion killed over 100 in Guma

Benue: Military deploys Air Surveillance after Terror Invasion killed over 100 in Guma

DEMOCRACY ON TRIAL: A LEGAL REFLECTION ON 25+ YEARS OF CIVILIAN RULE IN NIGERIA

DEMOCRACY ON TRIAL: A LEGAL REFLECTION ON 25+ YEARS OF CIVILIAN RULE IN NIGERIA

Air India Plane carrying 242 Passengers Crashes after Takeoff (Video)

Air India Plane carrying 242 Passengers Crashes after Takeoff (Video)

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

CBEX Resumes Operations, asks Nigerian Investors To Deposit $200

How Fuel Prices rose from 6 kobo-N650/litre Since 1973 to 2024

Fuel Marketers Engage Suppliers To Crash Petrol Price To N700/Litre

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

Ondo Deputy Speaker and Majority Leader resign

Ondo Deputy Speaker and Majority Leader resign

  • About Us
  • Advertise with Us
  • Editorial Policy
Wednesday, June 25, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Business News

Petrol is N52/litre in Libya – Reports

by iDeemlawful
September 25, 2024
A A
Petrol is N52/litre in Libya – Reports
FacebookTwitterWhatsapp

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.

RelatedPosts

Fuel Marketers Engage Suppliers To Crash Petrol Price To N700/Litre

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

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

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

iDeemlawful

iDeemlawful

Related Posts

CAC Increases Service Fees from  August 1
Business News

CAC Increases Service Fees from August 1

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud
Business News

CBEX Resumes Operations, asks Nigerian Investors To Deposit $200

How Fuel Prices rose from 6 kobo-N650/litre Since 1973 to 2024
Business News

Fuel Marketers Engage Suppliers To Crash Petrol Price To N700/Litre

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports
Business News

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria
Business News

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria

Nigeria Pays Back all N2.59trn IMF Debt
Business News

Nigeria Pays Back all N2.59trn IMF Debt

FCCPC Replies  Meta’s threat to Quit Nigeria over ₦220 Million Fine
Business News

FCCPC Replies Meta’s threat to Quit Nigeria over ₦220 Million Fine

NNPC reduces NMDPRA fee Per-Litre petrol in New Pricing Template
Business News

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

15 Die in Kwara road Accident
Business News

Easter: Jubilations As Kwara Workers Receive April Salaries

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes
Business News

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes

Load More

Leave a Reply Cancel reply

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

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

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