This removal was made on Wednesday, May 11.
Until the removal, the official price of petrol was N87 per litre although consumers have been paying as much as N200 for fuel due to scarcity.
Ibe Kachikwu and President Muhammadu Buhari
The removal in fuel subsidy has been a lingering issue since President Muhammadu Buhari took over power.
The minister of state for petroleum product, Dr Emmanuel Ibe Kachikwu had said that the citizens were not benefitting from the subsidy which made it necessary to be removed.
An official in the petroleum industry had earlier said the federal government would deregulate the downstream sector of the Nigerian petroleum industry so as to put an end to scarcity.
The petroleum minister in a statement said the decision was taken based on the current challenges and that Nigerians have been paying exorbitant prices for fuel.
We have just finished a meeting of various stake