Finally, Petroleum Subsidy is Gone: The Implications, by Ahmed Adamu PhD The final removal of petroleum subsidies in Nigeria is a welcome development. It means the market will determine the fuel price, i.e., willing buyer, willing seller price. It also means that many companies can import petrol and sell it at a price they want to recover their costs and make a profit. Many suppliers will be posting their market prices. We will see variations in posted prices by companies—no more regulated prices by the government. The petrol price will fluctuate periodically...