In major Nigerian cities, transport costs have increased by more than fifty percent due to the most recent increase in petrol prices.
The Nigerian National Petroleum Company’s (NNPCL) Retail Management has recently raised prices. Depending on the location, the new prices vary from N855 to N897 per liter, up from the previous N568–N617.
Recently, prices were increased by the Nigerian National Petroleum Company’s (NNPCL) Retail Management. The new rates range from N855 to N897 per liter, depending on the area; they were formerly between N568 and N617.
Along with the Nigeria Labour Congress (NLC), the Peoples Democratic Party (PDP) and the pan-Yoruba socio-political group Afenifere demanded on Wednesday that the increase in the price of petrol be reversed.
This is despite the Manufacturers Association of Nigeria’s (MAN) caution that increased inflation could result from the price increase.
The National Association of Nigerian Students (NANS) also declared yesterday that they would be staging a protest and closing major cities starting on this month’s 15th.
