Nigerians Pay More For Fuel As Depot Price Hits N151.56

Some petrol stations in Lagos, the country’s commercial capital, started retailing Premium Motor Spirit, popularly known as petrol, at N160 on Thursday., according to an internal memo from the Pipelines and Product Marketing Company .

Meanwhile, the Minority Caucus in the House of Representatives has rejected the increase in the pump price. “This is because such increase will directly result in more hardship on our citizens, particularly at this critical time when majority of Nigerians, across the country, are struggling to survive under the burden of high cost of living and low purchasing power occasioned by the prevailing economic challenges,” the Caucus said in a statement signed by Minority Leader, Ndidi Elumelu.

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