Fuel price hike: Marketers give reason as NNPCL inflict more pain on Nigerians

Fuel price hike: Marketers give reason as NNPCL inflict more pain on Nigerians

Nigerians woke up to the rude shock of another Premium Motor Spirit (petrol) price increase to between N1030 and N1,200 per liter orchestrated by the Nigerian National Petroleum Company Limited and Dangote Refinery, owned by Aliko Dangote. This comes as NNPCL increased its fuel pump price across its retail outlets from N855 and N897 to N998 and N1030 per liter in Lagos and the Federal Capital Territory, Abuja. Also, the price of fuel in Enugu st…

Marketers explain real cause of NNPCL’s recent fuel price increase - Nigeria News Update

Amidst the changes, fuel marketers find themselves in a state of anticipation, eagerly awaiting the official ex-depot prices from NNPCL and Dangote Refinery.

FG: We’re not responsible for petrol price hike - Daily Trust

The Federal Government has said it is not responsible for the hike in the pump price of petrol. On Wednesday, the Nigerian National Petroleum Company Limited (NNPCL) raised the pump price of fuel from N897 per litre to N1, 030 in Abuja; from N855 to N998 in Lagos; N1, 070 in North-East; N1,025 in other South-West states; N1,045 in South-East and N1,075 in South-South.  This had triggered reactions among Nigerians who asked President Bola Tinubu …

Deregulation: Transporters Hike Fares As NNPCL, Again, Adjusts PMS Price Upwards

ShareTransport fares shot up across the country yesterday in reaction to the latest hike in the price of fuel by the Nigerian National Petroleum Company Limited (NNPC Ltd) – the third time in the last two months. In Lagos, the price was raised from N855 to N998, while in Abuja and some north central states,... The post Deregulation: Transporters Hike Fares As NNPCL, Again, Adjusts PMS Price Upwards appeared first on New Telegraph.

Petrol Price Hike Hits Businesses, Households in Nigeria

Nigerian Businesses and Households Struggle as Petrol Pump Prices Soar The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has sounded the alarm over the rising petrol pump prices in Lagos and Abuja, warning of devastating economic consequences for businesses and households. According to NACCIMA’s National President, Mr Dele Oye, the current [...]

Increase in petrol price by NNPC will prompt a vicious cycle of economic hardship – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has raised concerns about the rising petrol pump prices in Lagos and Abuja, warning that this could trigger a cycle of economic hardship across the country.   The post Increase in petrol price by NNPC will prompt a vicious cycle of economic hardship – NACCIMA  appeared first on Nairametrics.