In a significant move following the recent removal of subsidies, the Nigerian National Petroleum Company Limited (NNPCL) has unveiled the new official pump price of petrol, setting it at N617 per litre. This marks a stark increase from the previous rate of N195 per litre, eliciting varied reactions across the nation.
Effective Saturday, March 23, 2024, motorists across Nigeria are met with a new reality at fuel stations, with prices varying across the 36 states. The adjustment reflects the government's efforts to align petrol pricing with global market trends while mitigating the economic strain caused by subsidy removal.
Here's a glimpse of the current petrol prices across some states:
1. Abia - N687.50 Per Litre:
Residents in Abia state now face the challenge of adjusting to the new petrol price, grappling with its implications on transportation and living costs.
2. Abuja - N632.12 Per Litre:
The nation's capital witnesses a surge in petrol prices, prompting commuters and businesses to reconsider their budgets and travel plans.
3. Lagos - N663.05 Per Litre:
As Nigeria's economic hub, Lagos experiences the ripple effects of the petrol price hike, impacting industries and daily commuters alike.
4. Kebbi - N796.67 Per Litre:
Kebbi state registers one of the highest petrol prices, raising concerns among residents about its socio-economic ramifications.
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