Nigerians in panic as petrol price soars to 617 Naira per litre

There is growing concern among Nigerians as the price of petrol soars to N617 per litre in Abuja, the nation’s capital.

Fuel scarcity has returned, with long queues forming at filling stations and some stations even closing down due to the high prices.

This increase in petrol prices comes after President Bola Tinubu announced the removal of fuel subsidies, a move that has been praised by many for its potential economic benefits.

However, the sharp increase in prices has caused alarm among the population.

Data from Picodi.com shows that petrol prices in Nigeria have become 163% more expensive in the first six months of 2023.

The spokesperson for the NNPC, Garba Deen Muhammad, has not yet commented on the spike in petrol prices.