Nigerians lament fuel price increase as govt scraps subsidy

Nigerians on Thursday started paying about 10 per cent more for petrol as the government’s deregulation policy takes effect.

Millions of Nigerians depend on gasoline for transportation, businesses and self-generated electricity. Premium Times reported how the PPMC adjusted the ex-depot price of petrol twice within a few hours on Wednesday. In Lagos, Oyo, Ogun and Abuja, the prices varied across filling stations, including outlets owned by the Nigerian National Petroleum Corporation.At the NNPC outlet in Ketu, Lagos, petrol was sold at N160 Thursday morning. Similarly, at YKT Petrol, also in Ketu, the product was sold at N160.In Ikeja, many of the stations sold the product at prices ranging from N159 to N161.

Eterna station at Zone 1 and Bulasala filling station, located inside the National Assembly, sold at N161.a taxi driver who claimed to have bought fuel for N165 at a filling station on Kubwa express road lamented the hike in price.“Until the common man dies in Nigeria no one will care,” he said.

Source: News Formal (newsformal.com)

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