By Reno Omokri
This is President Tinubu’s Christmas present to all Nigerians.
Please fact-check me: At a cost of ₦739 per litre, equivalent to $0.500, as of today, Monday, December 22, 2025, Nigeria is officially among the top ten countries on Earth with the lowest petrol prices.
In November, we were officially ranked 13th on a list of nations with the lowest pump prices for premium motor spirit, compiled by various media outlets, including Business Insider (please see https://url-shortener.me/4O9X).
Our fuel costs have reduced by more than 10% this Yuletide season from $0.608 in November 2025 to $0.500 today.
The Nigerian state has given a Christmas present to all Nigerians, and President Bola Tinubu has fulfilled a campaign promise when he vowed that he would end the subsidy on petroleum products and that his policy would attract investment and introduce competition into the downstream sector of the oil and gas industry, resulting in an eventual reduction in prices that consumers pay.
When petrol prices went up in the past, as a nation, we agitated, organised, ruminated, and demonstrated. But when they repeatedly go down in price, we just act as if nothing has happened. And when you appreciate the President and the Federal Government, some persons, with an eye on trending on social media, attack you for highlighting what they suddenly see as mundane.
But if petrol pricing and availability were so quotidian, why did Nigerians shut down the nation for weeks on end with #OccupyNaija when the price went up, and supply went down?
Why was the pricing of petroleum products a campaign issue during the last election and at previous polls? Why does every government on Earth watch gasoline prices more than they observe any other government policy?
Because petrol prices are fundamental to the life of a nation. They determine the heartbeat of the economy, and, aside from food and electricity, are the only products that touch every person in society.
That being the case, it is no surprise that the inflation rate in Nigeria has fallen from 33.95% in May 2024 to a near single-digit level of 14.45%, because when you stabilise and generally reduce the cost of petrol, it brings down the price of nearly every other good and service in the polity.
Do not let any politician or influencer hungry for internet fame gaslight you. If the price of petrol had gone up and the product’s availability had been low this December, they would have called out the President and mobilised Nigerians to take to the streets. Am I lying? Come on! Am I lying?
So now that our reality is one of low prices and high availability, let us celebrate our President and government for making this happen, especially at a time when the reverse had hitherto been the case!
Reno Omokri
