El-Rufai: Tinubu's Fuel Subsidies Costing Trillions, Keeping Petrol Prices Artificially Low
• El-Rufai claims Tinubu government has spent trillions of naira subsidizing fuel since taking office in May 2023 • Says without subsidies, petrol prices could be much higher than current diesel prices • Notes diesel sells for over ₦1000/liter while petrol is ₦600-750/liter • Says Tinubu correctly removed subsidies at first but had to reinstate them due to impact • Points out petrol should cost more than diesel if there were no subsidies still in place