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Nigerian govt increases fuel price to N212/litre

fuel scarcity

Federal authorities have initiated an upward review of petrol price to N212 per litre on Thursday.

This comes 11 days after the Nigerian National Petroleum Corporation (NNPC) promised there would be no price hike.

However, the Petroleum Products Pricing Regulatory Agency (PPPRA) has released the latest guiding retail price.

It shows that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March.

This was against N186 the crucial commodity retailed for in February.

The PPPRA said the landing cost of petrol in March would be N189.61 per litre as against N163.74 in February.

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