Nigerians woke up to another fuel price increase on Tuesday, July 18, as the pump price of fuel started selling at N617 per litre.
The news has generated angry reactions among Nigerians on social media, as the citizens were still coming to terms with the recent increase to N650 per litre.
The recent development also comes when the exchange rate is struggling to be stable, further weakening the naira.
Kc Ofoegbu, a digital transformation consultant, summed it up. He wrote:
“Nigerians woke up to another fuel price increase. Fuel selling at N617 and NNPC stations. This is going to hit harder. God help Nigerians.”
Mayowa Olagunju, a fitness consultant, wrote:
I heard that this morning at NNPC; this is the latest price (N617). Before we make a wish for a new Nigeria, before we make a wish for a rerun election, before we make a wish for DSTV to reduce their subscription before #BBNaija starts. let fuel price reduce first.
Eniola Akinkuotu, a journalist, wrote:
“I’m surprised it’s just N617. I predicted N650-N700. Anyway, it will rise again soon if this exchange rate fails to settle. This should also mean that those living up north will pay more than this N617. It could be as high as N640.”
David Onyemaizu, a writer, noted:
“Fuel selling at 568/618 per liter in NNPC stations? Meanwhile, your president is preparing 8k palliatives for you guys. Same NNPC had some weeks ago announced that the prices were going to crash down a little. Instead, we’re seeing an astronomical increase.”
A journalist, Azubike Osumili wrote:
“NNPC puts the petrol price at N617 in Abuja. Prices will only go up; it’s not a prediction of doom; it’s our new reality.”
The pump price of petrol has increased since the Federal Government’s subsidy removal policy took effect in June.
