Petrol Price: Labour, CSOS Kick As NNPCL Blames Market Forces For Increase. - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (A.M)
July 20, 2023
The Nigerian National Petroleum Company Limited had, again, yesterday, raised the pump price of petrol by an average of 15 per cent across the country, sending shock waves around the country, with other outlets around the country adjusting their prices within minutes.
In Abuja and environs the pump price rose from N537 to 620 naira in many filling stations while in Lagos, the product was selling at N568/litre instead of N490.
In May, a day after President Tinubu was sworn into office, fuel price rose from N195 per litre to N537 per litre, after President Bola Tinubu’s inaugural speech, where he said fuel subsidy was gone.
Meanwhile, the group chief executive officer of Nigeria National Petroleum Corporation Limited, Mele Kyari, explained that the increase in the petrol prices was occasioned by market realities dictated by deregulation of the petroleum sector.