In Lagos, fuel now costs around 670 NGN per litre, while in Abuja, prices are even steeper, ranging from 670 to 700 NGN per litre as of April 1, 2024..READ FULL CONTENT>>>>>>
Port Harcourt is experiencing similar price fluctuations, with fuel costing between 650 and 700 NGN per litre.
The Nigerian National Petroleum Corporation (NNPC), which typically offers lower rates than other filling stations, has set its pump price at about 568 NGN in Lagos, with slightly higher rates of 599 to 610 NGN in other parts of the country.
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These figures mark the highest fuel prices in Nigeria’s history, driven by factors such as inflation, exchange rate volatility, and global oil price shifts.
Experts argue that the solution to Nigeria’s persistent fuel price crisis lies in self-sufficiency.
The call for the nation, rich in oil reserves, to cease fuel imports and focus on enhancing local refinery capacities is growing louder.
Critics assert that building efficient refineries would stabilize the market and lead to price reductions.
As the Nigerian government grapples with these challenges, the impact of the soaring fuel prices is palpable among citizens and businesses alike, with many calling for urgent measures to mitigate the economic strain caused by these increases
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Here is the NNPC price of petrol in states across Nigeria:
Lagos – N488
Ogun, Oyo, Osun, Ondo & Ekiti – N500
Kwara, Abia, Imo, Akwa Ibom & Bayelsa – N515
Rivers, Cross River, Edo & Delta – N511
Ebonyi, Anambra & Enugu – N520
Abuja, Plateau, Nasarawa, Kogi, Benue & Niger – N537
Sokoto, Katsina, Kaduna, Kano, Jigawa & Zamfara – N540
Kebbi – N545
Adamawa, Bauchi, Taraba & Gombe – N550
Borno & Yobe – N557.READ FULL CONTENT>>>>>>
