Bola Tinubu's fuel subsidy removal has affected this African country

President Tinubu's fuel subsidy might have affected the price of fuel in one neighboring country.

According to a BBC Pidgin news report, fuel price has increased in Benin, the same week Nigeria scraped the existence of the fuel subsidy regime.

According to BBC Pidgin, petrol prices in the West African country increased in the same week that announced the removal of the fuel subsidy. Gasoline price has increased from 450 CFA to 700 CFA or even 800 CFA”, a Benin-based person, Clément Sodji tells BBC.

This confirms previous speculations that Nigeria's subsidized petroleum products are being smuggled and sold in the Benin Republic.

According to Legit.ng, the product was serving a large population of the West African country.

Burkina Faso and Cote D'Ivoire are reported beneficiaries of Nigeria's fuel subsidy regime.

President Bola Tinubu on Monday, May 29, pronounced that "fuel subsidy is gone" while taking the oath of office in Abuja.

The announcement by the new administration has held the country at ransom as fuel marketers immediately increase the fuel price while some filling stations closed.