Tag: petrol price increase

Nigerian oil marketers have increased petrol pump prices again all over the country. The marketers increased petrol, from N1,010 to N1,050 per litre, marking a 4% increase in Lagos and surrounding areas. On their part, independent oil marketers have adjusted their prices to between N1,100 and N1,200 per litre, up from about N1,060 per litre, […]

The federal government, through the Nigerian National Petroleum Company Limited (NNPCL), has again, increased the pump price of petrol. With the new prices, residents in Lagos and Abuja will now pay N1,025 and N1,060 per litre, respectively. This is different from October, when PMS was priced at N1,030 in Abuja and N998 in Lagos at […]

The Nigeria Labour Congress (NLC) has condemned in very strong terms, the recent increase in fuel prices, describing it as an aberration that undermines the principles of a deregulated market. The labour union insists that the Nigerian National Petroleum Company Limited (NNPCL), a government-owned entity, should not be the sole arbiter of fuel prices in […]

Former President Muhammadu Buhari has revealed why he was happy when incumbent President Bola Tinubu increased the petrol pump price. Fuel price increased on May 29, 2023 after Tinubu announced removal of fuel subsidy. According to Buhari, the decision reduced the number of visitors he receives in his native Daura town in Katsina State. Buhari […]