FEATURE: Nigeria gasoline prices skyrocket as private companies enter fuel import game

The price of gasoline has jumped 26% in Nigeria since new president Bola Tinubu ended a longstanding fuel subsidy on May 30, with the country’s state-owned oil company blaming market forces that now determine pump prices in a statement July 19. The price of gasoline hit an all-time high of Naira 617/liter (81 cents/liter) on July 19, up from Naira…