BREAKING: Nigerians Lament As NNPCL Increases Fuel Pump Price Again
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of Petroleum Motor Spirit (PMS), commonly known as petrol, again.
The development was observed at NNPCL outlets in Abuja on Wednesday.
In Abuja, fuel price was increased by 14.8 per cent to N1,030 per litre from the previous N897. In Lagos, the pump price is now ₦998 per litre.
According to Premium Times, the recent development came after the NNPCL decided to terminate its exclusive purchase agreement with Dangote Refinery.
This means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.
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, warning that it will exacerbate poverty among the population.
READ ALSO: Fuel Scarcity Looms As Depots Raise Petrol Price Again
@rolandjick267 wrote: “How do we survive? This is becoming too much.”
@Sthabbey said: “This situation is becoming unacceptable. Nigerians deserve respect from @officialABAT and his administration. This is unwarranted, and our patience has been stretched to its limit.”
@qudus_kalas wrote: “At this point they should just throw atomic bomb 💣 in the country make every body kuku kpai once and for all”
@Abubakar_tatari said: “It’s getting out of hand , no sympathy for the masses . This regime is just heartless.”
