Fuel price

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Nigerians React to Rumors of ₦1200/Litre Fuel Price: What's Really Happening

Fuel Price - Nigeria - NNPC - Oil Marketers - Shehu Sani

Find out why Nigerians are concerned about the possible increase in fuel prices and the reactions from NNPC and oil marketers.

Nigerians are on edge following rumors of the premium motor spirit hitting ₦1200 per litre. Former federal lawmaker Shehu Sani cautioned against spreading false information, urging the public to remain calm. Independent oil marketers attribute the potential hike to the depreciation of the naira and increased subsidy costs. Meanwhile, NNPC swiftly denied the speculations of a looming price increase, reassuring the public of stable fuel prices.

The tension escalates as oil marketers halt petrol imports due to rising costs, proposing a new pricing structure to NNPC. This disagreement highlights the ongoing struggles between NNPC and fuel marketers over subsidy claims. In a bold move, the National Association of Nigerian Students (NANS) vows to resist any further petrol price hikes by the government, showing solidarity with the worried citizens.

Amidst the chaos, India's Oil Minister clarifies that discussions on fuel price cuts have not taken place with the Oil Marketing Companies (OMCs). As volatility in crude oil prices persists, there is no immediate relief in sight for consumers. The uncertainty surrounding fuel prices leaves Nigerians anxiously awaiting official announcements and hoping for stability in the market.

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Image courtesy of "Daily Post Nigeria"

Subsidy: Desist from rumours of fuel price increase – Shehu Sani to ... (Daily Post Nigeria)

Former federal lawmaker, Shehu Sani; has warned those peddling the rumours of premium motor spirit being sold for N1200 to stop causing unnecessary.

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Image courtesy of "Zikoko!"

₦1200/Litre of Fuel: Here's Why Nigerians Are Worked Up About It (Zikoko!)

Independent oil marketers claimed the naira's depreciation has caused an increase in how much they have to pay for subsidy. The rising cost of crude oil in the ...

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Image courtesy of "Businessday.ng"

Nigerians groan as marketers mull petrol at N1,200/litre (Businessday.ng)

An uneasy calm hangs over Nigerian petrol stations as whispers of a potential N1,200 per litre price tag for petrol have set Nigerian...

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Image courtesy of "Okay.ng"

NNPC Denies Rumors of Impending Fuel Price Hike to N1,200 per ... (Okay.ng)

The Nigerian National Petroleum Company (NNPC) Limited has swiftly responded to media reports suggesting an imminent increase in the price of petrol to.

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Image courtesy of "Legit.ng"

Fuel Scarcity Looms As Oil Marketers Stop Importation, Suggest ... (Legit.ng)

Oil marketers have made the decision to stop importing petrol due to the increasing landing costs, and they have suggested a new fuel price to NNPC Limited.

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Image courtesy of "TheNigeriaLawyer"

NNPCL, Marketers Disagree Again Over Petrol Subsidy Claims ... (TheNigeriaLawyer)

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday ...

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Image courtesy of "Independent Newspaper Nigeria"

NANS Vows To Resist Further Attempt To Hike Petrol Price By FG (Independent Newspaper Nigeria)

ABEOKUTA – The National Association of Nigerian Students, NANS, has issued a stern warning against further increase in the price of Premium Motor Spirit, ...

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Image courtesy of "The Economic Times"

Fuel price cut news: Fuel price cut: Held no discussions with OMCs ... (The Economic Times)

India's Oil Minister, Hardeep Singh Puri, has clarified that government-owned oil marketing companies (OMCs) have not been in discussions with the Centre on ...

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Image courtesy of "The Hindu BusinessLine"

No discussion with OMCs on fuel price cuts: Oil Minister (The Hindu BusinessLine)

Oil Minister Hardeep Singh Puri denies proposal to cut petrol & diesel prices due to high volatility in crude oil prices.

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