Nigeria: Protests over fuel price rise


Issue 324 - 27 May 2016 | 2 minute read

A two-thirds increase in fuel prices has sparked protests, but the government says it can no longer afford to subsidise fuel amid a deepening economic crisis as the slump in world oil prices slashes national income. Tankers bringing in fuel have been stranded offshore, unwilling to dock and unload as importers cannot source dollars to pay for their cargoes. The government on 11 May announced an increase in the pump price of petrol from N86 to N145.

Tagged with:

Pin Strategy & risk

Pin Nigeria

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register