Petrol price up third time in 60 days as crude price drops
Kano residents are facing a new wave of fuel price hikes as Premium Motor Spirit (PMS), commonly known as petrol, soared to ₦1,200 per litre at several filling stations across the city.
According to Daily Trust, the development comes as the Nigerian National Petroleum Company Limited (NNPCL) adjusts its pump prices to ₦904 per litre.
The surge in fuel prices has led to long queues at NNPCL outlets, where customers are scrambling to fill their tanks before the new price is fully implemented.
An official at one of the NNPCL stations, who preferred to remain anonymous, confirmed to the platform that they were awaiting directives to commence sales at the updated price.
This spike in fuel costs has further strained the pockets of Kano residents, many of whom are already grappling with the high cost of living.
The situation has also sparked concerns about the potential impact on transportation costs and the prices of goods and services, which are likely to rise as a result.
He said, “We just came this morning (Tuesday) and turned on our machines only to see the adjustment. You can see it for yourself. We are here now waiting for directives to start selling.”
Motorists in queue expressed concerns over the development.
Isah Muhammad said, “Where are we heading to in this country? How do we survive now? It’s very unfortunate we are witnessing this.”
Another motorist, Ibrahim Saleh, said, “I can recall when I used to sell petrol (black market). It was then ₦95. One day during the late President Shehu Musa Yar’adua regime, we went to buy fuel and they halted the process.
“We all thought it was going to be increased but they adjusted the litre to ₦65. It was something that I would never forget in my life. When things go up, they never come down in Nigeria and since then it has been like that.”
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