Annoyance as petrol price rise up to N568 per liter in Lagos; N617 in Kano, others

 

From Lagos, Ogun, and Edo in the South West  and Zamfara in the north, it was all tales of woe by motorists.

While the price in Lagos shot up from N488 per liter at petrol stations owned by Nigeria National Petroleum Company, Limited, NNPL, to N568, it rose as high as N617 per liter in Kano and another northern state from N540.

The Group Chief Executive Officer of NNPCL, blamed market forces for the increase, 

It noted that the living standards of the people would be nosedive, especially with the government not providing the necessary palliatives to cushion the effects of subsidy removal.

While the Nigeria Employers Consultation Association, NECA, in its immediate reaction said local refining of crude oil remained the only way out for Nigeria, the Nigeria Labour Congress, NLC, contended that the new increase in the price of petrol would further impoverish the people.
It also showed that the dwindling value of the naira has put pressure on fuel importers, including NNPC Limited, as well as major and independent marketers.

Meanwhile, as marketers were  their pumps to reflect the new price, 

students and commuters in Lagos expressed their grievances over yet another increase, as transport fares soared astronomically yesterday.

A student of Lagos State University, LASU, said the transportation fare from his hostel to the school spiked from N100 to N200.

“Our exams are next week, and I wonder how the government expects us to cope. LASU does not have enough hostels, so most of us have to stay off-campus, which means we have to bear the burden of paying N400 for transportation to and fro.”