#FuelPriceHike: Nigerians React To Increase In Petroleum Pump Price

• … the retail price of petrol would sell between market band of ₦209.61 and ₦212.61

Reactions have begun trailing reports that the Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to ₦212.6 per litre.

The Petroleum Products Pricing Regulatory Agency (PPPRA) had said in a new monthly template that the retail price of petrol would sell between market band of ₦209.61 and ₦212.61.

The increase follows the rising price of crude at the international market as well as instability in exchange rate.

Read also: JUST-IN: Nigerian Govt Makes U-Turn, Pegs New Petrol Price At N212

While the Nigerian National Petroleum Corporation (NNPC) had said price would remained static in March to allow smooth dialogue between government and labour unions, Nigerians have taken to social media to criticise the government for the increment and in the prices of goods and services.

Eko Hot Blog culled some comments on twitter:

This conundrum is a design; global oil prices go up, Nigeria’s FX revenue automatically increases due to its oil sales, but on the flip side of that coin, Nigeria’s petrol imports price increase due to the same effect. Because refining oil locally is rocket science #FuelPriceHike

— JJ. Omojuwa (@Omojuwa) March 12, 2021

https://twitter.com/vhic_tore/status/1370284518884659202?s=19

https://twitter.com/ImranSZN/status/1370285518739668997?s=19

Youths, Elders, Male, Female, Employed, Unemployed, Entrepreneurs. Whatever you are in Nigeria, this 212 Naira for fuel affects us all. Let come out like it’s pre-planned, let’s occupy Ojota, Let’s occupy Iwo Road, Let’s occupy Benin, let’s occupy NIGERIA.Say NO to #FuelPriceHike

— Lola Okunrin (@lollypeezle) March 12, 2021

When this unfortunate govt came in,
Petrol price was 87/litre.
Today it is 212/litre.

Food prices will go up
Rent prices will go up
Transport prices will go up.
School fees will go up.

But guess what will never go up?
Minimum wage and salaries.

This is a jungle. #FuelPriceHike

— OurFaveOnlineDoc (@OurFavOnlineDoc) March 12, 2021

https://twitter.com/Danny_Walterr/status/1370285232335765510?s=19

https://twitter.com/dayveedcody_/status/1370289240911839232?s=19

https://twitter.com/Flowzz001/status/1370290630354681860?s=19

There's never been a day this country has put smiles on our faces,never #FuelPriceHike

— Prom Prom🌚 (@effizzzyy) March 12, 2021

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