The Nigerian National Petroleum Company Limited in Abuja said on Tuesday that the pump price of Premium Motor Spirit has increased to N617 per litre at some of its filling stations.
In Ibadan and the surrounding areas, the price of petrol, which was formerly sold for between N500 and N510, has been raised to N616.
In Lagos, the cost of a certain good varies depending on where you are. According to a study by a Vanguard correspondent in Lagos, the cost of petrol ranged from N565 per litre to N617 at the many filling stations that were visited.
Ibadan locals claimed it would make life even harder for people since food and transit costs would go up.
Some of the locals told Vanguard that the so-called “unannounced increment” was a deliberate effort to lower Nigerians’ purchasing power and spread hunger around the nation.
Some of them criticised the government for failing to provide necessary palliatives before eliminating the fuel subsidy because they believed that the well-being and standard of living of Nigerians were in danger.
They, however, appealed to President Bola Tinubu to increase minimum wage, provide meaningful palliatives and fast track them to cushion the hardship Nigerians face at the moment.
Meanwhile, Nigerians have been expressing their grievances online, particularly on Twitter.
@iam_doctormayor stated, “I heard that this morning at NNPC this is the latest price. Before we make a wish for a new Nigeria. Before we make a wish for rerun election. Before we make a wish for DSTV to reduce their subscription before #BBNaija will start. Let fuel price reduce first.
@wakawaka_doctor wrote, “1 litre of fuel is now 617 Naira. 50 litres of fuel = application fee for university of Vienna. Choose well 😅”
@FS_Yusuf_ stated, “Right now, you need almost 50K to fill up your car fuel tank. On this mandate I stand!”
@Elkrosmediahub wrote, “Proposed N8000 monthly for the ‘poor’ , increased fuel price by over N100 per litre. By the time they are done with us, we woulda realized elections have consequences.”
@Morris_Monye stated, “Naira to dollar is high. Naira to pounds is high. Fuel price is high. Groceries is high. Minimum wage and your salaries LOW. Politicians salaries very high.”
@V_A_D_D_I_C_T “This new fuel price will favor me and my family.”