NNPC Increases Fuel price second time in October
Amid economic hardship, President Bola Tinubu administration through the Nigerian National Petroleum Company Limited has increased pump price of petroleum.
This increment according to People’s Gazette, will see Nigerians in Lagos and Abuja buy petrol for N1,025 and N1,060 per litre respectively. In October, petrol prices stood at N1030 in Abuja, N998 in Lagos in NNPCL filling stations, while other petrol stations sold for between N1, 150 and N1200 per litre.
NNPCL petrol stations displayed the reviewed price at their various stations in Lagos and Abuja on Tuesday.
This upward review followed current economic challenges capable of exacerbating the burden of Nigerians grappling with rising cost of living.
Since Mr Tinubu assumed office on May 29, 2023, announcing end of fuel subsidy, petrol price has jumped from N145 to over N1000, worsening cost of living in the country as Nigerians rechristened Mr Tinubu T-Pain (Tinubu-pain) in expression of their economic frustration under his watch.
