NNPCL denies plan to increase fuel price
The current pump price of petrol in Nigeria is N617 per liter. This is significantly higher than the pre-subsidy price of N184 per liter.
The removal of the petrol subsidy has been a controversial issue in Nigeria. The government has argued that the subsidy was unaffordable and that its removal would help to reduce corruption and improve efficiency in the oil sector.
However, critics of the subsidy removal say that it has placed a heavy burden on ordinary Nigerians, who are already struggling to cope with the high cost of living.
It remains to be seen whether the NNPCL will stick to its word and refrain from increasing petrol prices in the near future. However, the company’s statement will likely provide relief for Nigerians struggling to make ends meet.
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