ABUJA, Nigeria (ChatnewsTV) — The Nigerian National Petroleum Company (NNPC) Limited has once again raised the pump price of petrol, with motorists in Abuja now paying N1,060 per liter and those in Lagos, N1,025, sparking fresh concerns among Nigerians grappling with high living costs.
The increase was evident at NNPC stations nationwide on Tuesday, coming only three weeks after the last hike, which pushed prices to about N1,030 in Abuja and N998 in Lagos. In some regions, previous prices exceeded N1,250 per liter.
The new rise in fuel prices comes just a week after President Bola Tinubu assured Nigerians of his administration’s commitment to addressing fuel cost challenges. “Motorists can buy petrol at N1,000 per liter or equivalent gas per Standard Cubic Meter at N200,” the President said, promoting a shift to compressed natural gas (CNG) as a viable alternative to petrol.
In a statement issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu reiterated his support for CNG as a “workable solution” for Nigerians facing rising fuel prices. The President also praised the Nigerian Independent Petroleum Company (NIPCO) Plc for its investment in CNG, emphasizing that the company’s efforts align with his administration’s energy transition and economic diversification strategies.
“Public-private partnerships are essential for this transition,” the statement read, “and NIPCO’s commitment to the ‘Switch to CNG’ campaign is key to providing affordable energy alternatives.” The statement added that CNG offers cleaner, more affordable fuel, helping reduce costs and Nigeria’s carbon footprint.
Despite these assurances, the latest fuel price increase is raising concerns among Nigerians who continue to bear the burden of rising energy costs.
