By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Subsidy Removal: Fuel Price in Nigeria to Exceed N500 Per Litre
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Subsidy Removal: Fuel Price in Nigeria to Exceed N500 Per Litre

News

Subsidy Removal: Fuel Price in Nigeria to Exceed N500 Per Litre

Tapre Timine
Tapre Timine
Published: June 14, 2025
Last updated: June 14, 2025
2 Min Read
Share
Subsidy Removal: Fuel Price in Nigeria to Exceed N500 Per Litre
SHARE

There are signs that retail fuel price in Nigeria will increase sharply as the federal government plans to remove fuel subsidy.

The downstream sector of the petroleum industry has been thrown into confusion with the emergence of a document revealing an alarming retail price of over five hundred naira per litre for petrol.

The document highlighted the listed prices of petrol in key cities, including Abuja, Lagos, and Kano, at five hundred and thirty-seven naira, four hundred and eighty-eight naira, and five hundred and forty naira per litre, respectively.

READ ALSO: Nigeria Does Not Have Money to Pay For Subsidy – Mele Kyari

During his address at Eagle Square in Abuja, President Tinubu confirmed the exclusion of the petroleum subsidy regime from the reviewed 2023 budget, declaring an end to the subsidy.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Tinubu stressed the redirection of subsidy funds towards critical sectors such as public infrastructure, education, healthcare, and job creation.

He had said:

“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime, which has disproportionately favoured the wealthy over the poor. The increasing costs of subsidies can no longer be justified given our limited resources.”

READ ALSO: Tinubu Clarifies When Subsidy Removal Will Take Effect

Meanwhile, this newspaper learnt that Mr Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA (the regulatory body overseeing sector activities) was yet to comment on the matter.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:fuel SubsidyTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

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

Latest Updates

Club World Cup : Chelsea, Palmeiras Advance to Quarter Finals | Daily Report Nigeria
Club World Cup : Chelsea, Palmeiras Advance to Quarter Finals
Sports
Obi Slams Tinubu for Saint Lucia Vacation Amid Soaring Insecurity, Hunger in Nigeria | Daily Report Nigeria
Obi Slams Tinubu for Saint Lucia Vacation Amid Soaring Insecurity, Hunger in Nigeria
News
Fubara Justifies Peace with Wike, Says Reconciliation Needed for Rivers’ Stability | Daily Report Nigeria
Fubara Justifies Peace with Wike, Says Reconciliation Needed for Rivers’ Stability
Politics
Motorcyclist Shot Dead by Armed Men in Abia | Daily Report Nigeria
Motorcyclist Shot Dead by Armed Men in Abia
Metro
Jeff Bezos, Lauren Sanchez – At a Glance | Daily Report Nigeria
Jeff Bezos, Lauren Sanchez – At a Glance
Fact File

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

2023: North Central Has Performed, Time To Produce President – Saraki

June 14, 2025
Nnamdi kanu
News

Nnamdi Kanu’s Detention While Boko Haram Members Get VIP Treatment is Provocative – Ohanaeze, Afenifere, others

June 15, 2025
My Administration Has Zero-Tolerance For Kidnapping – Buhari | Daily Report Nigeria
News

My Administration Has Zero-Tolerance For Kidnapping – Buhari

June 13, 2025
Breaking: President Buhari Issues Fresh Appointment to Governor Okowa | Daily Report Nigeria
News

Breaking: President Buhari Issues Fresh Appointment to Governor Okowa

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?