Petrol 40% Cheaper in Nigeria Than Saudi? Fact-Checking Dangote’s Fuel Subsidy Claim

How 63 cent per litre in Saudi is 40% cheaper compared to 67 cent per litre in Nigeria will be left for Africa’s richest man to explain.” Read-for-yourself statistical details on how price tracking sites punctured the billionaire’s claim   Founder of Dangote Refinery, Alhaji Aliko Dangote, stirred controversy among oil industry statistics pundits when he declared that Premium Motor Spirit (PMS) popularly known as petrol is cheaper in Nigeria than in Saudi Arabia. The billionaire, who said this in an interview with Bloomberg, claimed that the product is 40%…

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