Millions of Nigerians have expressed outrage over the 15 per cent rise in petrol pump prices implemented by oil marketers.
Politics Nigeria reports that the increment was led by NNPC Limited from N537 per litre to N617.
This has, however, not gone down well with Nigerians who are not happy with President Bola Tinubu’s government.
Regarding the development, Nigerians expressed concerns that things would be difficult for families.
Mr Muyudeen Abu, a transporter explained that he “rushed to the filling when I heard they have increased the price again. Luckily, I’m inside that station now. I don’t have money to buy a full tank, but I will buy the one I will use to work tomorrow.
“I’m afraid because I don’t know how we are going to survive this. Things are very difficult for the masses. The government cannot just abandon us like this. President Bola Tinubu has to do something urgently before things get out of hand.”
Also speaking, Chairman Electricity Consumers Association of Nigeria, Chijoke James, said the rising cost of energy in the country was a great cause for concern.
“It is difficult to understand what is going on. From the beginning of the year to this point, the masses have borne the full brunt of ill-advised government policies. What is going on is uncalled for, and the government must intervene to halt it”, he stated.
On his part, Mr Henry Adigun said it was not a surprise as the old pump price of N537 per litre was not the actual market price.
“You need to understand this, when NNPC was selling petrol at N540 per litre, that wasn’t the price that was market determined.
“That was still subsidised pricing because NNPC was using dollar artificial rate to sell petrol at that point.
“As we speak today, no importer is importing petrol into the country. Do you know why? Because if they do, they cannot land at the price NNPC was retailing it.
“That is why for the past few months, NNPC has been the sole importer of petrol.
“When NNPC is now looking at the market, and they know that there is no old stock of dollars to augment purchase, they are reflecting the true market price”, he said.
