Thursday 19 January 2023

Seemingly, FG Increases Fuel Price


There are indications that the federal Government has increased the price of petrol again.

It was learnt that the government quietly approved ₦185 as the new petrol pump price per litre.

A source revealed that the approved pump price was communicated to major marketers in a memo early Thursday.

The newly approved price comes weeks after there had been nationwide petrol scarcity, leading to long queues in fuel stations since late November 2022.

Although the official pump price was ₦165 per litre many fuel stations sold fuel above ₦200 per litre in Lagos and other parts of Nigeria.


Fuel stations in Lagos and other parts of Nigeria have already begun adjusting their prices to the new approved rate, with some stations selling fuel above the official pump price of ₦185 per litre.

As the country continues to grapple with the impact of the petrol price increase, many are calling on the government to take steps to address

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