NEWS

FG increases petrol price again (See New Price)

The Federal Government of Nigeria has announced an increase in the price of petrol, with the new pump price set at ₦185 per litre.

The decision, which was communicated to major marketers in a memo early Thursday, comes on the heels of a nationwide petrol scarcity that saw long queues at fuel stations throughout the country.

According to sources, the approved pump price is an attempt to combat the rising costs of fuel imports and to address the country’s ongoing economic challenges.

However, the move has been met with criticism from consumers and industry experts, who argue that the increase will only serve to further burden already struggling citizens.

FG Reacts As Soludo Vows To Stand Surety For Nnamdi Kanu

Fuel stations in Lagos and other parts of Nigeria have already begun adjusting their prices to the new approved rate, with some stations selling fuel above the official pump price of ₦185 per litre.

As the country continues to grapple with the impact of the petrol price increase, many are calling on the government to take steps to address the underlying economic issues and to implement policies that will help to ease the burden on citizens.

Share This
admin

Recent Posts

NASRE Champions Journalistic Welfare And Professionalism At Lagos Television Visit By Miracle Oyewale

NASRE Champions Journalistic Welfare And Professionalism   The Nigeria Association of Social and Resourceful Editors…

3 hours ago

NASRE Foundation Hosts Third Media Outreach, Prioritizes Health, Insurance, And Multiple Income Streams For Journalists

NASRE Foundation Hosts Third Media Outreach   OpenLife Nigeria reports that the Nigerian Association of…

14 hours ago

ZENITH BANK REWARDS HACKATHON WINNERS WITH N77.5M CASH PRIZE AT ZENITH TECH FAIR 4.0

ZENITH BANK REWARDS HACKATHON WINNERS OpenLife Nigeria reports that a total sum of N77.5 million…

2 days ago

Boost In Oil Production: NNPC’s Utapate Crude Grade Hits Global Oil Market As OML 13 Asset Eyes 80,000 bpd By End Of 2025

Boost In Oil Production OpenLife Nigeria reports that in a major boost for Nigeria’s crude…

3 days ago

Health, Insurance, Entrepreneurship Lectures To Take Centre Stage At NASRE’s End- Of-Year Supports To Journalists With Challenges

Health OpenLife Nigeria reports that the Nigerian Association of Social and Resourceful Editors (NASRE) has…

4 days ago

We Are Building A New Police Free Of Corruption But Full Of Vigor, Determination To Serve—Argungu

We Are Building A New Police OpenLife Nigeria reports that the Police Service Commission today,…

4 days ago

This website uses cookies.