Nigerians are bracing themselves for harder times as the Nigerian National Petroleum Corporation Limited (NNPCL) has increased its pump price to N855 per litre, sparking widespread concern and frustration.
The sudden price hike has led to the reappearance of fuel queues at filling stations across the country, with many motorists stranded and forced to wait in long lines for hours.
The NNPCL management has confirmed that it is facing a debt challenge of $6 billion from its supply chain abroad, which has impacted supply sustainability. This admission has raised questions about the government’s claims of not subsidizing petroleum products.
The new pump price has gone viral on social media, with many Nigerians expressing outrage and disappointment. Our reporter observed a large number of people at bus stops trying to catch vehicles for their daily routine, a testament to the chaos caused by the price hike.
The Federal Government’s consistent denial of subsidizing petroleum products has been called into question, with many Nigerians demanding answers and solutions to the fuel crisis. As the situation continues to unfold, one thing is clear: Nigerians are in for harder times ahead.
