Petrol hits N617 per litre in Abuja


The recent increase in the price of Premium Motor Spirit (PMS), also known as petrol, in the Federal Capital Territory (FCT) of Nigeria has caused significant concern among citizens. The price has surged from 537 naira per litre to 617 naira per litre, prompting long queues at filling stations and dissatisfaction among the populace.

Reporters from the News Agency of Nigeria visited various areas in Abuja, including Maitama, Wuse, Gwarimpa, Jabi, Wuye, and Kubwa, to monitor the petrol situation. While some filling stations have adjusted their pump prices to reflect the new rate, others are still selling at the previous price. Notably, AA Rano and Nipco in Jabi continue to sell at the old price, creating further discrepancies in petrol pricing.

Customers have expressed their frustration and dismay over the sudden price increase. Emma Uzor, a concerned customer, described the situation as terrible and raised concerns about the financial burden on the masses. Uzor highlighted the fact that salaries have not been increased while food prices continue to rise, making it even more challenging for ordinary citizens to cope with the escalating cost of petrol.

The lack of clear information regarding the reasons behind the price hike has exacerbated the frustration of Nigerians. Many are calling on the government to provide an explanation for the increase and to consider the impact on the lives and livelihoods of the citizens. They argue that the burden of rising fuel costs disproportionately affects the average Nigerian, who is already grappling with various economic challenges.

As of now, the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) and oil marketers have not issued any official announcements regarding the price increase. It remains to be seen how the situation will unfold and whether further adjustments will be made in response to public concerns.

The recent surge in petrol prices comes just two months after a previous increase following President Tinubu’s inauguration. In his inaugural speech, President Tinubu mentioned the removal of fuel subsidies, which set the stage for subsequent price adjustments. However, the suddenness of these increases without proper explanations has heightened the frustration and discontent among citizens.

Given the ongoing discussions around fuel pricing and subsidies, it is hoped that the government will engage in transparent dialogue with the public and provide clarity on its policies and strategies for managing the cost of petrol. This would not only address the immediate concerns of the people but also foster trust and accountability in the decision-making process regarding fuel prices in Nigeria.

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