Subsidy Removal: Why Petrol Price Can’t Be Less Than N500/Litre – Oil Marketers In Nigeria

The Nigerian government’s decision to remove petrol subsidies has been met with fierce opposition from oil marketers. They argue that the current market dynamics make it impossible to sell petrol for anything less than N500 per litre. This might seem like bad news for consumers, but it’s not all doom and gloom. In fact, there are some good reasons why the removal of subsidies could actually be a positive thing.