The NNPC - Nigerian National Petroleum Company Limited has one again decided to increase the pump price of petrol.
Reporters from Abuja as confirmed that, fuel price was increased by 14.8 per cent from N897 to N1,030 per litre.
In South East, the pump price is increased to N1,045, In South West the current increment is N1025 while the official price in Lagos is now ₦998 per litre.
The latest price increase makes it the second time the petrol price has been hiked in the past month.
NNPC had in September increased pump price from N615 per litre to N897.
The recent increase has caused NNPC to trend on X as Nigerians express outrage.
The recent development comes after the NNPC decided to terminate its exclusive purchase agreement with Dangote Refinery.
Earlier this week, the Nigerian National Petroleum Company Limited (NNPC Ltd) announced it is ending its exclusive purchase agreement with Dangote Refinery, opening up the market, what it means is that other marketers can now buy petrol directly from the Dangote Refinery.
There are various reactions on X, with users expressing opinions about the decision of the NNPC and APC Government. comments below:
Morris_Monye
@Morris_Monye
NNPC selling N998 per liter.
How will Nigerians survive this. oh wait
we will survive.
We are adjuster-general of the nation
Bros IK @bros_aik . 45m
NNPC has increased petrol price to the following:
Lagos - 998
SW - 1,025
Abuja - N1,O3O
SE - 1045
SS - N1O75
NE - 1,070
South South, the producer of Nigeria's oil
pays the highest price forfuel. #NNPC
BRIGHTO of Lagosg. , @M... .1h
|'m at Obalende and the onlything | can
hear from bus drivers is that NNPC has
increased fuel price and they're currently
pegging fare to Lekki at N8OO right now
and once it's tomorrow they're moving it
to N1,OOO. |'m not crying but but many
people came down from this bus
Danilton @DanysLeek . 41m
NNPC's new PMS price as follows
NNPC Lagos - N998/litre
NNPC South-West -N1O25/litre
NNPC AbNja - N1,O65
North-East - Btw N1O6O & N1O7O
South-South - Btw N1 055 & N1 075
Let's go there!! lt will favour me and my family!!
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