On Wednesday, the Nigerian National Petroleum Company Limited (NNPCL), made a significant decision to increase the price of fuel at the pump across various regions of the country.
In Abuja, the price jumped from N897 per litre to an alarming N1,030. Meanwhile, in Lagos, it rose from N855 to N998 per litre. The changes don’t stop there; in the North-East region, the price of fuel is now set at N1,070. The other South-West states saw a price adjustment to N1,025, while in the South-East, it has reached N1,045. Finally, residents in the South-South region are now facing the highest prices, with fuel costing N1,075 per litre.
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This sudden increase in fuel prices triggered strong reactions among many Nigerians who are understandably frustrated and concerned about the rising costs of living. They have called upon President Bola Tinubu to take immediate action to reverse this decision and help alleviate the burden on citizens.
However, during a recent conversation with the Daily Trust newspaper, the Minister of Information and National Orientation, Mohammed Idris, stated that the government should not be held accountable for this latest price hike in petrol.
The minister explained that external factors influencing global oil prices and market conditions are primarily responsible for the increase, rather than any direct action taken by the government itself.