The administration of President Bola Tinubu has implemented yet another hike in petrol prices, with residents in Lagos now paying N1,025 per litre, while Abuja residents face N1,060 per litre.
Read Also: Sanwo-Olu Sues EFCC Over Alleged Planned Arrest, Prosecution
The increase, announced through the Nigerian National Petroleum Company Limited (NNPCL), marks a significant rise from last month’s rates of N1,030 in Abuja and N998 in Lagos at NNPCL stations. Other fuel stations were previously charging between N1,150 and N1,200 per litre.
The updated prices were displayed Tuesday morning at NNPCL stations in Lagos and Abuja, sparking concern among citizens already grappling with rising costs.
Since President Tinubu’s decision to end the fuel subsidy shortly after taking office on May 29, 2023, petrol prices have surged from an initial N145 per litre to over N1,000, heightening economic pressures across the nation.
