President Bola Tinubu of Nigeria | File Image
Petrol goes for N1,030 per litre
More hardship for Nigerians as the Bola Tinubu-led federal government has again increased the pump price of petrol.
Retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) adjusted the pump price on Wednesday in Lagos and the Federal Capital Territory (FCT), Abuja.
In Lagos, it was observed that many NNPCL outlets sold a litre of the essential commodity for ₦998, about ₦150 higher than the initial price of ₦855.
As a result, long, snake-like queues were seen at NNPCL outlets at Abule-Egba, U-turn, Abbatoir, and others around the axis as the sudden increase set motorists and transporters in panic-buying mode.
Many filling stations not owned by the NNPCL immediately followed suit as they also incrementally adjusted their pump prices, with many selling as high as ₦1050 in many parts of Lagos.
Also read: Dangote refinery will not reduce petrol price – NNPCL
In Abuja, the situation was not anyway different as NNPCL retail outlets hiked the price of the essential commodity from ₦897 to ₦1,030.
The fresh increase followed the September 2, 2024 increase by the NNPCL.
The retail company had hiked the price per litre of petrol from ₦568 to ₦855, sparking outrage.
……………
For more interesting stories click: nigerianewsflight.com.ng
