At the current $78  average world market price for crude Nigerians will have to pay only N109.43k per litre were the highly abused subsidy on petroleum product to be removed immediately today. This price, analysts say, completely debunks the fear widely expressed that the removal of the subsidy will result in a substantial jump in the pump price of petrol.
Source: http://www.ereporter.com.ng/index.php/business-news/item/1626-without-subsidy-petrol-will-cost-n109-only