The Federal Government of Nigeria has reportedly increased the pump price of petroleum to N212 from the previous N162 price, seeing an increase of fifty naira.
This is coming less than two weeks after the NNPC assured Nigerians (on the 1st of March) that there would be no hike.
The Petroleum Products Pricing Regulatory Agency (PPPRA) late on Thursday announced that the retail price for a litre of petrol for the month will be between N209.61 and N212.61. “The ex-depot price, which is the amount sold by fuel depot owners to marketers, will be N206.42, while the landing cost stands at N189.61 per litre”, the agency said.
Read also: There’s A Limit To What The Citizens Can Tolerate- NLC Rejects Fuel Price Hike
Taking to the social media space, Nigerians lamented bitterly as they get continually shocked by the doings of the Government. “212! Chokement!“, Adekunle Gold wrote. “With everything that is happening in Nigeria right now, how can anyone in good conscience increase fuel price?? There are millions of Nigerians that cannot even afford a day meal! Never seen a government so intentional about making the lives of citizens miserable!!”, Mr Macaroni tweeted. See more reactions below:
— Sweet Salon Jollof🍓🍓 (@Ashake__) March 12, 2021
Dollar price went up, fuel price also went higher but guess what didn’t… the minimum wage.
The government doesn’t care #FuelPriceHike
— AJ | Adonai (@mrmanhere_) March 12, 2021