Nigeria is on the list of countries with the lowest price for fuel per litre in the world, a report on the internet has revealed.
Nigeria is one of Africa’s largest producers of crude oil and relies heavily on it for economic growth.
President Bola Tinubu on May 29, 2023 announced that fuel subsidy was gone because there is no budgetary allocation for it after June.
Here is a list of global countries with High/low prices for fuel
Hong Kong: $3.06
Singapore: $2.86
Iceland: $2.39
Netherlands: $2.34
Denmark: $2.33
Italy: $2.21
Norway: $2.16
Greece: $2.13
Belgium: $2.12
Switzerland: $2.12
France: $2.10
Finland: $2.09
Germany: $2.08
Austria: $2.05
Sweden: $1.90
Spain: $1.90
Hungary: $1.81
Czechia: $1.78
Poland: $1.65
Turkey: $1.44
Mexico: $1.33
Australia: $1.32
South Korea: $1.32
Canada: $1.28
Japan: $1.26
UK: $1.25
South Africa: $1.23
Brazil: $1.21
India: $1.17
Pakistan: $0.96
USA: $0.95
China: $0.95
Nigeria: $0.80
UAE: $0.79
Argentina: $0.69
Indonesia: $0.65
Saudi Arabia: $0.62
Russia: $0.58
Iran: $0.36
Egypt: $0.33
Kuwait: $0.28
Venezuela: $0.02