Many Nigerians hail this action, though comments coming from the opposition party and its supports show that they see the move as a political tactic. Also, some Nigerians also feel it could have been slashed further downward since crude oil price has done down by about 50%.
And the questions behind the mind of many are: Are we still in the subsidy regime? Will the fuel stations sell their old stock with the new price? Another question is: Is it now time for full deregulation of the downstream sector? How would the masses react if fuel "subsidy" were to be removed?