Commenting on the alleged fraud in the subsidy regime, the NLC blamed the secrecy surrounding the process of petroleum subsidy by the NNPC for the fraud. (punchng.com)
Biofuels need to be competitive with fossil fuels in the next five years, taking into account petroleum subsidies and a comprehensive systems for pricing emissions. (scientificamerican.com)
Taking a few individual countries for example, Belgium spends 0.2 % of its GDP on gas «post-tax» subsidies and 0.9 % of its GDP on coal subsidies; the UK spends 0.2 % on gas and 0.2 % on coal while the US spends 2.4 % of its GDP on petroleum subsidies, 0.2 % on gas and 0.6 % on coal (see page 57 of the full IMF report). (ewea.org)