This study primarily examined the effects of petrol subsidy removal on the living standards of rural settlers in Garam community, Tafa Local Government Area (LGA), Niger State and in Nigeria generally, highlighting how such policy regime impacted on the general welfare of Nigerians, poverty level of the citizens and general price systems leading to increased costs of transportation and operations, higher prices of goods and services, and reduced purchasing power in the Nigerian economy. The study employed a mixedmethods approach, combining both qualitative and quantitative data collection and analysis methods with a sample size of 200 households within Garam community selected using stratified random sampling based on such criteria as income level, expenditure, etc and data collected through primary source using questionnaire. Collected data were analysed using combination of logistic regression and chisquare tests. Findings revealed that the subsidy removal has resulted in increased Transportation Costs; reduced Purchasing Power; rise in Inflation and operations costs which potentially reduced agricultural productivity and food security and consequently exacerbated poverty levels, with many residents struggling to meet their basic needs and that since Nigeria‟s refineries are non-functional there is still continuous importation of refined petroleum which strains the local currency and exchange rates. It is therefore recommended that while fuel subsidy removal is upheld, refineries should be made to work and other sectors be set to work to ameliorate the living standard of the citizens while boosting the general national economy including targeted support to vulnerable populations, subsidised transportation and agricultural supports