Marketers project N700/litre petrol

According to recent projections by oil marketers, the petrol price at the pump in Northern Nigeria may exceed N700 per litre starting in July.

Mike Osatuyi, the National Controller of Operations for the Independent Petroleum Marketers Association of Nigeria, stated that prices in the north could reach N700 and above once independent marketers begin importing products next month.

He further explained that residents in Lagos should expect to pay around N600 per litre, while those outside Lagos could pay around N610. The final price will depend on factors such as the exchange rate, international crude oil prices, and the landing cost of the product.

Nigerians are not Smiling

The recent update regarding the fuel situation has sparked discontent among netizens, leading many to express their frustration on Twitter.

One fan took to Twitter and expressed his pain: “The hardship is already unbearable. Please have mercy on us.”

Reactions: Make dem just blow trumpet Abeg. Wetin be this?

Nigerians are pissed with this new update and are criticising the new government: let’s have a look at some of the comments:

@CertifiedAnelka:The hardship is unbearable already. E shanu wa nah

@Idemudiacharle3:I don talk am say make we not come they miss buhari.. this tinubu go show urs shege… 700 for what, say na wetin happen.

@BlaqAsh_:Make dem just blow trumpet Abeg. Wetin be this?

@segunalabs01:Life’s unbearable already,Protecting #700 per liter petrol will only worsen the situation of things in Nigeria.Have mercy O Lord

@coljohnnwaf:Marketers wan spoil Tinubu government 😂😂😂😂😂😂😂😂😂 shege banza promax loading

Petrol queue resurfaces after President Tinubu announced subsidy removal

In another news, Shortly after Nigeria’s new President, Bola Tinubu, announced the removal of fuel subsidy, long queues reappeared at petrol stations in major cities, particularly in Lagos. Some stations even began closing their pumps.

Motorists flocked to Nigerian National Petroleum Corporation (NNPC) stations in Ikeja and Alausa, leading to overcrowding as people rushed to purchase fuel. Many parts of Lagos experienced large queues at NPC stations, which is uncommon, especially on a public holiday.

President Tinubu announced this during his inaugural speech at Eagle Square in Abuja on Monday. He stated that he was informed there was no provision for fuel subsidy and that it could no longer be justified