How does the price of petrol in Nigeria compare to other oil-producing countries?
It troubles me that Nigeria, one of Africa's major oil-producing nations, has reached a point where you pay far more for petrol than citizens of several other oil-producing countries with much higher incomes. Saudi Arabia sells petrol at about ₦778 per litre, Kuwait around ₦872, Algeria about ₦475, and Angola about ₦441. Even the United Arab Emirates, where incomes are vastly higher than ours, sells petrol below Nigeria's roughly ₦1,400 per litre.
Where this comes from
Article on X Article by @atiku on X · https://x.com/atiku/status/2094810791937446399 2026-09-01 ›
Why did Nigerians have to suffer for more than three years before your government discovered that economic growth must reach “the dining table and the pocket”? Why is intervention backward when Atiku proposes it, but progressive when you announce it? You cannot condemn cheaper living when Atiku proposes it and rename the same objective Renewed Hope when you promise it. That is not economic consistency. It is political convenience.
Atiku chose to stand with the people. That is a commitment. And, Bola, Atiku is ashamed on your behalf that Nigeria, one of Africa’s major oil-producing nations, has reached the point where ordinary citizens pay significantly more for petrol than citizens of several other oil-producing countries with substantially higher incomes and living standards.
Saudi Arabia sells petrol at about ₦778 per litre. Kuwait is around ₦872. Algeria is about ₦475. Angola is about ₦441. Even the United Arab Emirates, where average incomes are vastly higher than Nigeria’s, sells petrol below Nigeria’s roughly ₦1,400 per litre.