FG increases petrol price again (See New Price)

<p><strong>The Federal Government of Nigeria has announced an increase in the price of petrol&comma; with the new pump price set at ₦185 per litre&period; <&sol;strong><&sol;p>&NewLine;<p>The decision&comma; which was communicated to major marketers in a memo early Thursday&comma; comes on the heels of a nationwide petrol scarcity that saw long queues at fuel stations throughout the country&period;<&sol;p>&NewLine;<p>According to sources&comma; the approved pump price is an attempt to combat the rising costs of fuel imports and to address the country&&num;8217&semi;s ongoing economic challenges&period;<&sol;p>&NewLine;<p>However&comma; the move has been met with criticism from consumers and industry experts&comma; who argue that the increase will only serve to further burden already struggling citizens&period;<&sol;p>&NewLine;<h2><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;fg-reacts-as-soludo-vows-to-stand-surety-for-nnamdi-kanu&sol;">FG Reacts As Soludo Vows To Stand Surety For Nnamdi Kanu <&sol;a><&sol;h2>&NewLine;<p>Fuel stations in Lagos and other parts of Nigeria have already begun adjusting their prices to the new approved rate&comma; with some stations selling fuel above the official pump price of ₦185 per litre&period;<&sol;p>&NewLine;<p>As the country continues to grapple with the impact of the petrol price increase&comma; 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&period;<&sol;p>&NewLine;