The price of petrol in Nigeria has Skyrocketed to approximately N617 per litre, as reported by Daily Trust.
A visit to an NNPC filling station in the Central area of Abuja by a reporter confirmed the staggering increase, with the fuel price adjusted from N539 to N617 per litre.
Another Customer who confirmed this development to Daily Trust simply said “It is true, I just bought at N617 per liter,”
The immediate reason could not be ascertained but it is not unconnected to the recent projections by oil marketers that fuel price will hit N700 per litre soon.
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) is yet to comment as at the time of filling this report.