The Nigerian National Petroleum Company Limited (NNPC) has announced a significant increase in the pump price of petrol in Abuja, raising it by 14.8% to N1,030 per litre, up from N897. This price hike marks the second increase in less than a month, following a previous adjustment in September when the price surged from N615 per litre to N897.
Reaction from Motorists
During a visit to the NNPC Retail mega station in Abuja, many motorists expressed shock and frustration over the latest price increase. One taxi driver, Usman Abah, shared his dismay: “It’s beyond belief. I have been in the queue for almost an hour and didn’t know they had increased the price. Tinubu is not concerned about our suffering.”
Impact on Consumers
The rising cost of petrol continues to add to the economic challenges faced by Nigerians. As fuel prices increase, many citizens are feeling the strain, leading to widespread dissatisfaction with government policies and the current economic situation.
Conclusion
With petrol prices on the rise, it remains to be seen how this will impact transportation costs and overall economic stability in Nigeria. The ongoing increases underscore the urgent need for effective policies to address the challenges faced by the populace.
