Nigeria
DONALD DUKE SAYS HE WOULD CUT PETROL PRICE TO N300 PER LITRE IF ELECTED PRESIDENT IN 2027
Peoples Redemption Party presidential candidate Donald Duke says he would seek to reduce petrol to about ₦300 per litre if elected Nigeria’s president in 2027. His proposal would price crude allocated for domestic consumption closer to its production cost instead of international market value. Duke says the approach would lower energy costs throughout the economy, but the plan would still face major questions over lost oil revenue, refinery costs, distribution, smuggling and whether discounted crude amounts to an indirect subsidy.
BigV•4h ago•1 min read