The Federal Government defended the hike in the price of petrol .
It said despite the recent increase in the price of petrol to N162 per litre, the price of the commodity in Nigeria remained among the cheapest in Africa .
It also said notwithstanding the recent hike in electricity tariff , the cost of electricity in Nigeria was still cheaper or compared favourably with that of many countries in Africa .
The Minister of Information and Culture, Lai Mohammed , said these at a press conference in Abuja .
The minister said , “ In spite of the recent increase in the price of fuel to N162 per litre, petrol prices in Nigeria remain the lowest in the West / Central African sub -regions .
“ Below is a comparative analysis of petrol prices in the sub – regions (naira equivalent per litre): Nigeria – N162 per litre ; Ghana -N332 per litre; Benin – N 359 per litre ; Togo – N300 per litre ; Niger – N346 per litre ; Chad – N366 per litre ; Cameroon – N449 per litre; Burkina Faso – N433 per litre ; Mali -N476 per litre ; Liberia – N257 per litre ; Sierra Leone – N 281 per litre ; Guinea – N363 per litre ; and Senegal – N549 per litre .