In a startling turn of events, the price of petrol in Nigeria has surged to an astonishing N617 per litre, according to reliable sources in Abuja.
A recent visit to an NNPC filling station in the Central area of Abuja confirmed the disheartening news, revealing that the fuel price has been adjusted from its previous rate of N539.
Customers at the station voiced their dismay, with one individual affirming the shocking increase, stating, “It is true, I just bought petrol at N617 per liter.” The sudden spike in fuel prices has left Nigerians grappling with the financial burden of rising costs.
While the exact cause behind this sharp escalation remains unclear, industry experts speculate that it may be linked to recent projections made by oil marketers.
These projections indicate an alarming possibility of fuel prices reaching an unprecedented N700 per litre in the near future, adding further concern to an already beleaguered populace.
In light of this alarming development, the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) has come under scrutiny for its silence on the matter.
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