Nigeria's petrol subsidy removal takes effect as fuel price jumps over N500 | The Guardian Nigeria News - Nigeria and World News

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Nigeria's petrol subsidy removal takes effect as fuel price jumps over N500 | The Guardian Nigeria News - Nigeria and World News
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The National Petroleum Company (NNPC) Limited Wednesday morning officially increased fuel pump price to more than N500 in different parts of the country. Our correspondent gathered that NNPC station pegged fuel price at N537 per litre in Abuja. Nigeria President Bola Tinubu during his inaugural address on Monday announced that petrol subsidy was gone with […]

The National Petroleum Company Limited Wednesday morning officially increased fuel pump price to more than N500 in different parts of the country. Our correspondent gathered that NNPC station pegged fuel price at N537 per litre in Abuja. Nigeria President Bola Tinubu during his inaugural address on Monday announced that petrol subsidy was gone with…The National Petroleum Company Limited Wednesday morning officially increased fuel pump price to more than N500 in different parts of the country.

A document seen by The Guardian early Wednesday showed pricing variety in different parts of Nigeria – indicating a sharp increase from the previous N184 official pump price to more than N500. “As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics,” Muhammad said.

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