Amidst the fuel hike, Nigerians have taken to the social media to share a video of President Bola Tinubu saying the prices of fuel will reduce if he wins the election.
Checks by Politics Nigeria affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun state capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“Won soro epo, epo a won a di 200, a di 500, elo fo kan bale, e fo kan bale a ma gbe wa le. (meaning: “They talked about fuel price to be either N200 or N500 per, be rest assured, we will reduce it”.
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, leading to a sharp increase in and pump price hitting N537 per litre.
On Tuesday, the price climbed to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to the effect of market forces.
https://twitter.com/seyipumping/status/1681745613149421571?s=20
