DAILY POST
Nigerians fear the price of petrol may hit as much as N1,800 per litre should the Federal Government completely remove subsidy on the product.
This comes after the Chairman of Dangote Group, Aliko Dangote told the Nigerian Government to end the fuel subsidy regime.
Dangote said fuel subsidy would lead to the Nigerian government “paying what they are not supposed to be paying,” hence the need to end it.
However, concerned Nigerians have cautioned the Federal Government against taking such a decision, which they said would further worsen the hardship in the country.
DAILY POST recalls that from 29th May, 2023, when President Bola Ahmed Tinubu took over power till the month of September, there has been an astronomical increase in the price of petrol.
Concerned citizens, however, fear that complete subsidy removal would further shoot up the price of the commodity.
It has been reported that though Tinubu announced that the subsidy was gone, the government has been partially subsidizing the commodity.
The product, which sold for N650 per litre at the NNPCL outlets before September 15, skyrocketed to as high as between N1,010 to N1,300 per litre in some outlets on the day Dangote’s private refinery began production.
There is apprehension that with the call for full subsidy removal, the prices could be as high as N1,800 per litre.
READ THE FULL STORY IN DAILY POST
