The hardship faced by Nigerians is about to intensify as President Bola Tinubu’s administration has announced yet another increase in petrol price, deepening the already dire economic situation for many.
Beginning this week, the new price structure will see residents of Abuja grappling with a staggering cost of N1,030 per litre, while the official price of petrol has been set at N998 per litre, a figure that many fear may not reflect the rapidly changing market realities.
Meanwhile, NNPC stations in major cities like Lagos and Abuja displayed the new prices prominently on their electronic boards, serving as a grim reminder of the nation’s faltering economy.
Since Mr. Tinubu took office on May 29, 2023, the proclamation that “fuel subsidy is gone” has led to an unsettling surge in fuel prices, which have skyrocketed from a mere 205 naira per litre to today’s eye-watering figures.
This relentless increase not only weighs heavily on the wallets of ordinary citizens but also jeopardizes the livelihood of countless families who rely on affordable fuel for transportation and daily activities, amplifying the palpable sense of despair that hangs over the nation.
