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The Fuel Price Hike that Never Was

Emmanuel Addeh writes on the chaos that greeted last Friday’s purported increase in the pump price of petrol, noting, however, that it is akin to postponing the proverbial evil day Beleaguered Nigerians who were looking forward to a relatively good weekend, woke up to the rude shock on Friday morning of the news of another rise in the price of petrol, a product that is literally the lifeblood of the country. Although not unexpected, since the nation has been subtly put on notice by the authorities for a while, the jump from N162 to N212, an addition of over N50, riled many Nigerians who took to social to denounce the action.

NNPC reveals breakdown of not increasing Ex-depot Price of Petrol

Abuja, March 12, 2021 The Nigerian National Petroleum Corporations (NNPC) says it has not increased the Ex-depot price of Premium Motor Spirit (PMS) also known as petrol. The Group General Manager, Group Public Affairs Division of the Corporation, Dr Kennie Obateru, disclosed this while addressing newsmen in Abuja on Friday. Ex-deport price is the price at which oil marketers buy products at the depots, the price is what determines the price at which petrol stations will sell to motorists. He spoke while reacting to new PMS Pricing template released by the Petroleum Products Pricing Regulatory Agency (PPPRA) that indicted N212.61k Pumb price for the month of March.

Minister: No petrol price increase until Nigerian government meets with labour

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