L
LequteMan
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Nigeria - Nigerians in the near future will have to pay close to N150 for petrol following the subsidy removal in the 2015 budget, The Sun reports.
The current larding cost for refined petroleum product is N128.96/litre. This amount is subsidized by FG with an average of N39.
With the subsidy removal, an average Nigerian may now be forced to cough out between N150-N200 for a litre of fuel since the administration can no longer spend money not appropriated for.
With this development commuters would be compelled to pay more for their trips as commercial bus drivers, taxis and cabs are expected to hike transport fares in the impending regime.
Also car owners will feel the brunt under the new regime as they will have to cough out more to enjoy the luxury of driving such vehicles.
#Nigeria #Petrol #Subsidy
The current larding cost for refined petroleum product is N128.96/litre. This amount is subsidized by FG with an average of N39.
With the subsidy removal, an average Nigerian may now be forced to cough out between N150-N200 for a litre of fuel since the administration can no longer spend money not appropriated for.
With this development commuters would be compelled to pay more for their trips as commercial bus drivers, taxis and cabs are expected to hike transport fares in the impending regime.
Also car owners will feel the brunt under the new regime as they will have to cough out more to enjoy the luxury of driving such vehicles.
#Nigeria #Petrol #Subsidy
