Amid economic hardship, the Nigerian National Petroleum Company Limited (NNPCL) on Tuesday increased the pump price of Petroleum Motor Spirit (PMS) also known as petrol
The new increment will see Nigerians buy a liter of petrol at N1,025 and N1,060 in Lagos and Abuja respectively.
In October, petrol prices stood at N1,030 in Abuja, N998 in Lagos in NNPCL filling stations, while other petrol stations sold for between N1, 150 and N1,200 per litre.
NNPCL petrol stations displayed the reviewed price at their various stations in Lagos and Abuja.
This upward review followed current economic challenges capable of exacerbating the burden of Nigerians grappling with rising cost of living.
Since Mr Tinubu assumed office on May 29, 2023, announcing end of fuel subsidy, petrol price has jumped from N145 to over N1,000, worsening cost of living in the country.
Atiku Abubakar, former Vice President and People’s Democratic Party (PDP) presidential candidate in the 2023 general elections has since as rechristened Tinubu T-Pain (Tinubu-pain) in expression of the economic frustration under his watch.