The price of petrol has increased to about N617 per litre, THE POST reports.
A visit to NNPC filling stations along the Kubwa expressway and Utako in Abuja confirmed that the price has now been adjusted from N539 to N617 per litre.
Speaking in an interview on Tuesday, the National President of the Independent Petroleum Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, confirmed the development.
According to him, fuel prices will continue fluctuating depending on market forces.
“That is the regime we are in with removing fuel subsidies. The prices will continue to fluctuate based on market forces and the changes in Dollar in the foreign exchange market. That is why we are pushing for an alternative to fuel”, he stated.
The development comes amid speculation of an upward review of fuel pump prices nationwide.
Recall that on the removal of fuel subsidy in June by President Bola Ahmed Tinubu’s government, the product had skyrocketed from N190/per litre to over N500/per litre.
Speaking, some motorists said the policies of the current administration are becoming very harsh on the citizens.
One Uchenna Matthew, who spoke to DAILY POST on Tuesday, said the current administration is leading Nigerians to hell.
