NewStats: 3,264,329 , 8,183,350 topics. Date: Tuesday, 10 June 2025 at 03:39 PM 4s2u1a

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 16, 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 stood at $0.279, $0.342, and $0.351 per litre, respectively.

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

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Current data shows the average petrol price in Nigeria is N1,000 per litre, with black market rates soaring to N1,600 per litre.

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.

https://dailytrust.com/petrol-is-n52-litre-in-libya/#:~:text=Libya

It was actually 47, water is almost 3 times more expensive than fuel over there.

If Nigeria bought from there, i dont think it would be up to 960

WHY REVEAL THIS KIND OF INFORMATION?...

DO YOU WANT TO SPOIL MARKET FOR THE CABALS AND CURRENT MINISTER OF PETROLEUM?

DO YOU WANT TINUBU'S REFINERY IN MALTA TO STOP WORK??

PLEASE.. DELETE THE POST... THE SUFFERING, HARDSHIP AND HUNGER MUST CONTINUE AND THE INEVITABLE REVOLUTION MUST HOLD.

Tinubu's paid agents, BATerians are not interested in that information. 

If it was sold at #5,000 per litre, it would have been news to use and justify this senseless and wicked fuel pump price hike Tinubu is inflicting on Nigerians.

Hmm

Noted
The government always give us examples with America, Britain and Bhutan whenever they want to add to our burden through petrol pump price increases. Nobody bothers to tell us what they sell these same products in Kuwait Libya, Qatar or Brunei. These are some of our fellow OPEC countries.

The number of corrupt people in the oil sector is more than anyone can comprehend.

Imagine a war torn country is producing fuel that is cheap while a "peaceful" country has 4 moribund refinery that they are maintaining but refuse to work

Then relocate to Libya

Awaiting reasons from Excuses FC why fuel can’t be cheap in Nigeria

Here is a table listing 10 major things the Libyan government has traditionally done to make life easier for its citizens, particularly under Muammar Gaddafi's leadership and after:
These benefits helped Libyan citizens enjoy a relatively high standard of living compared to other countries in the region before the country's political instability following the 2011 uprising.

When will Nigeria have this

Na to pack go Libya oh

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We do WAYBILL to all locations

Price is 10,000 plus WAYBILL

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I thought the APC e-rats said Nigeria fuel is the cheapest in the world?

Tinubu is a disaster fashioned against Nigeria.

Those of u wey dey eye Libya and u no sabi dodge bullets and bombs suppose ask this question first. Is Libya peaceful?
Entering a conflict-ridden area just for the benefit of affordable fuel is not worth putting your life in harm's way.

Okay but.... Chocolate is N500 for a 200g bar in Nigeria. Compare that to Libya.

Hmmmmmm

BATified left the group chat

No be reason for comparism o, na only the bad ones them dey see for comparing.

Dumb BATIST.

kestolove95:
Then relocate to Libya

Nanamu
Mugu 30

It is corruption that increased our own price.

A war torn country better than Nigeria all round.

If its Nig now they will inflate the prices n claim its being snuggled the whole of west Africa

And this is a country we're supposedly in league with in oil production.

Q

What really happened to Nigeria?

Una no dey tire to compare.

Apc is fine

Subsidy?