THE Petroleum Products Price Regulatory Agency (PPPRA) seemed to prevaricate on its earlier announcement on Thursday that it had raised the pump price of petrol over N212 per litre as it had on Friday afternoon deleted its post announcing the price hike.

Timipre Sylva – Minister of State, Petroleum Resources

RELATED STORY: FG Hikes Petrol Price, Now Sells at N212.61 Per Litre

This action followed the insistence of the Nigerian National Petroleum Corporation (NNPC) which had come out to restate its March 1, 2021 assurances that there would be no increase in petroleum products price in March.

PPPRA announced the sharp increment in petrol prices late Thursday night to the consternation of majority of Nigerians who were welcomed with the bad news Friday morning. Most of them took to the social media to castigate the Buhari government as determined to make life extremely hard for Nigerians.

- Notice -

RELATED STORY: Fuel Price Hike and Trade Union Negotiations

But the NNPC, which countered PPPRA’s announcement in a tweet, said its March 1 position that petrol price will not be increased remains. Shortly after NNPC’s tweet, the PPPRA deleted from its “guiding price” posted on its website, although it did not make any obvious retraction on the earlier price hike announcement.

RELATED STORIES: Fuel Price Increases Ahead

How Fuel Price Hike Under-develops the Nigerian Economy – Part I

- Notice -

1 COMMENT

  1. There was panic in over the town of Abuja in order to get fuel. All the petrol station had queue except one and they sold for NGN 240 per litre.

LEAVE A REPLY

Please enter your comment!
Please enter your name here