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Home Economy And Business

BREAKING: Petrol Price Surges To N1,500 Per Litre

Before the sudden increase in the pump price by the NNPC, the price of the product hovered around N930 and N1,000 per litre outside the two NNPC Mega stations in Makurdi town that hardly have supply but sold the product at N617 per litre whenever they had to dispense to the public.

by NewsOnline Nigeria
September 4, 2024
in Economy And Business, Headline
0
15% Import Duty on Petrol and Diesel

Petrol Price has surged to N1,500 per litre in Benue State.

 

NewsOnline Nigeria reports that the price of petrol has surged to N1,500 per litre leaving motorists and commuters stranded and angry.

 

Before the sudden increase in the pump price by the NNPC, the price of the product hovered around N930 and N1,000 per litre outside the two NNPC Mega stations in Makurdi town that hardly have supply but sold the product at N617 per litre whenever they had to dispense to the public.

 

ALSO: President Tinubu Denies Agreement With Labour On Fuel Price

 

On Tuesday afternoon, most filling stations in Makurdi were locked up probably without products to sell to desperate motorists but the few that had products sold between N980 and NN1,100 per litre.

 

However black marketers who were seen doing brisk business around the town were selling at N1,500 per litre.

 

The two NNPC Mega stations in the town had fuel and dispensed at N898 per litre.

But both had endless queues of cars, buses and motorbikes of desperate buyers who cursed and lamented as they struggled to get the product.

 

Meanwhile, it was gathered that most petrol stations outside the state capital were selling the product for as high as N1,250 and N1,300 per litre.

 

A civil servant, James Tarr who was seen on the queue at the NNPC Mega Station on New Otukpo Road, could not hide his anger and frustration wondering why the present administration opted to subject Nigerians to untold hardship.

 

He said, “why is the Federal Government doing this to Nigerians. How can they toy with the wellbeing of Nigerians by increasing the pump price of fuel when we cannot feed our families and meet family commitments because of their bad anti-people policies.

 

“This government is obviously clueless. They should know that by increasing the pump price of fuel inflation will continue to rise and Nigerins wouldl be driven into poverty the more.

“Who are the economic advisers of this government? They are making Nigerians poorer and hungrier with their policies and they should know that a hungry man is an angry man. The massage I want to pass to this government is that they have failed Nigerians and it is very sad that we are here as a nation because of bad leadership.”

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