Fuel hike: Let's pray against further price increment - IPMAN to Nigerians

Meanwhile, Suleiman noted that if the price of crude oil in the international market continues to rise, the local price will continue to increase.He stated that oil marketers arrived at N617 per litre after adding other costs.“Let’s pray that prices do not go up the way it is today. If crude prices go up, the local prices will go up. We are praying that the rising crude oil price will not continue”, he said.

Earlier, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, NNPCL, Mele Kyari, had blamed market forces for the price of petrol. Recall that the National Assembly had approved a N500 billion fund request by President Bola Ahmed Tinubu’s administration to cushion the effect of fuel subsidies removal on the masses.But, the development was greeted with controversies.

In response to groans by Nigerians, Tinubu ordered for review of the proposed N8,000 palliatives to 12 million households.

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BREAKING: Nigerian Petroleum Company, NNPCL Increases Fuel Price To N617 Per Litre | Sahara ReportersThe price of Premium Motor Spirit popularly known as fuel has risen to about N617 per litre as the controversy and the hard effects of subsidy removal by the Nigerian government continue to hit Nigerians. A visit to a Nigerian National Petroleum Company Limited (NNPCL) mega filling station in the Central area of Abuja on Tuesday confirmed that the fuel price had been adjusted from N539 to N617 per litre.
Source: SaharaReporters - 🏆 9. / 63 Read more »

BREAKING: Marketers adjust pumps as fuel price hits N617/litreThe pump price of Premium Motor Spirit, popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday.
Source: MobilePunch - 🏆 8. / 63 Read more »