On Tuesday the price of petrol increased to about N617 per litre, newsmen reports.
A visit by newsmen to NNPC filling stations along the Kubwa expressway and Utako in Abuja confirmed that the price has now been adjusted from N539 to N617 per litre.
Speaking with newsmen in an interview, the National President of the Independent Petroleum Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, confirmed the development.
According to him, fuel prices will continue fluctuating depending on market forces.
“That is the regime we are in with removing fuel subsidies. The prices will continue to fluctuate based on market forces and the changes in Dollar in the foreign exchange market. That is why we are pushing for an alternative to fuel”, he stated.
The development comes amid speculation of an upward review of fuel pump prices nationwide.
Recall that on the removal of fuel subsidy in June by President Bola Ahmed Tinubu’s government, the product had skyrocketed from N190/per litre to over N500/per litre.
Speaking to newsmen, some motorists said the policies of the current administration are becoming very harsh on the citizens.
One Uchenna Matthew, who spoke to newsmen on Tuesday, said the current administration is leading Nigerians to hell.
”The whole rush here is because Mobil has not increased their price. I don’t know the kind of hardship these people are putting us through. They said NNPC has adjusted their price, we are buying here at 540, but they are about to adjust their price.
“We still have the grace to buy at 540; any moment from now it will be increased. This current administration is leading us to hell. Even the animals in the bush are feeling it. The earlier they discharged this government and install the original government that won the election, the better for us,” he said.
Also, a taxi driver, Mohammed Sani, said that Nigerians are suffering due to the increment.
”At NNPC, it is written 617 on their board. They are likely going to increase their price here at Mobil. The situation is very bad; the masses are suffering. The situation is very hard, it is not easy for a poor man to go out not to talk about eating food,” he lamented.
