In a fresh development that could further strain the pockets of Nigerians, the landing cost of imported petrol has surged to N885 per litre, up from its previous N797 per litre, according to Nigerian Stories via its official X handle.
This sharp increase suggests that the pump price of petrol at filling stations across Nigeria may soon hit N1,000 per litre, rising from the current range of N940 to N970 per litre.
With this latest surge, concerns over inflation, transportation costs, and general economic hardship are expected to intensify. Analysts warn that the increase could trigger a ripple effect, impacting the cost of goods and services across the country.
As Nigerians brace for yet another round of fuel price hikes, all eyes are on the Federal Government and regulatory agencies to see how they will respond to this unfolding crisis. Will there be an intervention, or is another wave of economic hardship inevitable?
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